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Splish Company purchases equipment on January 1, Year 1 , at a cost of $612,000. The asset is expected to have a service life of

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Splish Company purchases equipment on January 1, Year 1 , at a cost of $612,000. The asset is expected to have a service life of 12 years and a salvage value of $55,080. Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, eg, 15.84\% and final answers to 0 decimal places, e.8. 45,892.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3

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