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Tamarisk Company purchases equipment on January 1, Year 1, at a cost of $564,000. The asset is expected to have a service life of 12

Tamarisk Company purchases equipment on January 1, Year 1, at a cost of $564,000. The asset is expected to have a service life of 12 years and a salvage value of $50,760.

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Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.)

Depreciation for Year 1

$enter a dollar amount rounded to 0 decimal places

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Depreciation for Year 2

$enter a dollar amount rounded to 0 decimal places

image text in transcribed

Depreciation for Year 3

$enter a dollar amount rounded to 0 decimal places

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Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method.

Depreciation for Year 1

$enter a dollar amount

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Depreciation for Year 2

$enter a dollar amount

image text in transcribed

Depreciation for Year 3

$enter a dollar amount

image text in transcribed

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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 0 decimal places, e.g. 45,892.)

Depreciation for Year 1

$enter a dollar amount rounded to 0 decimal places

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Depreciation for Year 2

$enter a dollar amount rounded to 0 decimal places

image text in transcribed

Depreciation for Year 3

$enter a dollar amount rounded to 0 decimal places

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