A plant asset was purchased for $280,000 on Oct 1, 2020 and has an estimated life of 9 years and a residual value of $10,000.The company uses the sum of the years digit approach.Hint: Note the date it was purchased.

PART A: Compute the appropriate amount of depreciation for fiscal year 2020.

PART B: Compute the appropriate amount of depreciation for fiscal year 2021.