# Skysong Company purchased a new plant asset on April 1, 2017, at a cost of

\$824,760. It was estimated to have a service life of?20?years and a salvage value of \$69,600. Skysong's accounting period is the calendar year.

Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method.?(Round answers to 0 decimal places, e.g. 45,892.)

Depreciation for 2017 \$

Depreciation for 2018 \$

Compute the depreciation for this asset for 2017 and 2018 using the double-declining-balance method.?(Round answers to 0 decimal places, e.g. 45,892.)

Depreciation for 2017 \$

Depreciation for 2018 \$

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This question was answered on: Apr 19, 2020

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