CALCULATOR PRINTER VERSION BACK NEXT Exercise 11-1 Metlock Company purchases equipment on January 1, Year 1, at a cost of $548,730. The asset is expected to have a service life of 12 years and a salvage value of $46,800 Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to O decimal places,e.g.5,125.) 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 0 decimal places, eg. 45,892.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3