Wildhorse Company purchases equipment on January 1, Year 1, at a cost of $576,000. The asset is expected to have a service life of 12 years and a salvage value of $51,840. (a) (b) (c) Your answer is incorrect. 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