5. Unless you need to edit, it's safer to stay in Protected View Enable Editing Please sign in as he******@outlook.com so we can verify your subscription. 1.. .2... 3.. Exercise #3: Partial-Period Depreciation On May 1, 2019, Waters Company purchased equipment for $271,000. The estimated service life of the equipment is six years and the estimated residual value is $19.000. Waters' fiscal year ends on December 31. Required: Calculate depreciation of the equipment for fiscal years 2019 and 2020, as well as the book value at December 31, 2020, using each method shown below. Round calculations to the nearest whole dollar. Straight-Line Double Declining Balance: Sum of the Yeart-Digits