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Vaughn Company purchases equipment on January 1, Year 1, at a cost of $558,000. The...

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Accounting

Vaughn Company purchases equipment on January 1, Year 1, at a cost of $558,000. The asset is expected to have a service life of 12 years and a salvage value of $50,220. 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.g. 5,125.) Depreciation for Year 1 $enter a dollar amount rounded to 0 decimal places Depreciation for Year 2 $enter a dollar amount rounded to 0 decimal places Depreciation for Year 3

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