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.

D) Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method.

Year 1:________

Year 2: _________

Year 3: _________