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Can someone help me answer this in detail please? I am so lost Current Attempt in Progress Swifty Company purchased a new plant asset on

image text in transcribedCan someone help me answer this in detail please? I am so lost

Current Attempt in Progress Swifty Company purchased a new plant asset on April 1, 2025, at a cost of $720,000. It was estimated to have a service life of 20 years and a salvage value of $56,400. Swifty' accounting period is the calendar year. (a) Compute the depreciation for this asset for 2025 and 2026 using the sum-of-the-years'-digits method. (Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 45,892.) Depreciation for 2025$ Depreciation for 2026$

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