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Current Attempt in Progress Oriole Company purchases equipment on January 1, Year 1, at a cost of $588,000. The asset is expected to have a service life of 12 years and a salvage value of $52,920 Your answer is partially correct. decimal places, es Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 5.125 Depreciation for Year 1 $ 44590 Depreciation for Year 2 $ 4590 Depreciation for Year 3 $ 44590 e Textbook and Media Solution MacBook Air e Textbook and Media Solution X Your answer is incorrect. 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 Solution X Your answer is incorrect. MacBook Air ' ER LLY Your answer is incorrect. ompute the amount of depreciation for each of Years 1 through 3 using the double-declining balance method. (Round depreciation rate to 2 decimal aces, eg, 15.84%. Round answers to decimal places, eg. 45,892) Depreciation for Year 1 $ Depreciation for Year 2 Depreciation for Year 3 $ $ e Textbook and Media Solution Save for Later Last saved 5 seconds ago, Attempts: 3 of 10 used Submit Answer Send to Gradebook