Sunland Company purchases equipment on January 1, Year 1, at a cost of $546,000. The asset is expected to have a service life of 12 years and a salvage value of $49,140. (a) Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to O decimal places, e.g. 5,125.) (b) (c) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years-digits method. Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer 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, e.g. 15.84%. Round answers to O decimal places, e.g. 45,892.) Depreciation for Year 1 $ Depreciation for Year 2 $ Depreciation for Year 3 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer