Windsor Company purchases equipment on January 1, Year 1, at a cost of $516,000. The asset is expected to have a service life of 12 years and a salvage value of $46,440. 1. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.. 5,125.)
2. Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years-digits method.
3. Compute the amount of depreciation for each of Years I through 3 using the double-declining balance method. (Round depreciation rate to 2 decimal places
4. 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, eg. 15.844. O decimal places,.g. 45,892.)