Wildhorse Company purchases equipment on January 1, 2023, at a cost of $453,400. The asset is expected to have a service life of 12 years and a salvage value of $40.000 (a) Your answer is correct. Calculate the amount of depreciation for each of 2023,2024 , and 202.5 using the straight-line depreciation method. Calculate the amount of depreciation for each of 2023,2024 , and 2025 using the sum-of-the-years-digits method