1 On July 1, 2020, Yorkton Company purchased for $375,000 equipment having an estimated useful life of eight years with an estimated residual value of $62,500. Depreciation is calculated to the nearest month. The company has a December 31 year-end. Required: Complete the following schedules (Amount to be deducted should be indicated by a minus sign.) 2020 2021 2022 1 Double declining-balance method Equipment Less Accumulated depreciation Year-end book value Depreciation expense for the year s os 0 $ + 2 Straight-line method Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year $ 0 $ 05 0