E11.3 (LO 1, 2) (Depreciation Computations-SYD, DDB-Partial Periods) Judds Company purchased a new plant asset on April 1, 2020, at a cost of $711,000. It was estimated to have a service life of 20 years and a salvage value of $60,000. Judds' accounting period is the calendar year. Instructions a. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years-digits method. b. Compute the depreciation for this asset for 2020 and 2021 using the double-declining balance method