Vaughn Company purchases equipment on January 1, Year 1, at a cost of $558,000. The asset is expected to have a service life of 12 years and a salvage value of $50,220. 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.) ndy Depreciation for Year 1 $ Depreciation for Year 2 Depreciation for Year 3 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 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 27 28 29 30 31 32 33 34 35 36 37 38 39 $ Depreciation for Year 2 Depreciation for Year 3 $ Click if you would like to Show Work for this question: Open Show Work