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Marigold Company purchases equipment on January 1, Year 1, at a cost of $492,000. The...

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Accounting

Marigold Company purchases equipment on January 1, Year 1, at a cost of $492,000. The asset is expected to have a service life of 12 years and a salvage value of $44,280.
(a)
Your answer is incorrect.
Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. (Round answe to 0 decimal places, e.g.5,125.)
Depreciation for Year 1,$
Depreciation for Year 2$
Depreciation for Year 3$
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