Cheryl Dillon Company purchases equipment on January 1,

Cheryl Dillon Company purchases equipment on January 1, Year 1 at a cost of $469,000.  The asset is expected to have a service life of 12 years and a salvage value of $40,000. 

Compute the amount of depreciation for each of Years 1 through Years 3 using the straight-line depreciation method and the double declining balance method.