Exercise 11-03 Blue Company purchased a new plant asset on April 1, 2020, at a cost of $777,000. It was estimated to have a service life of 20 years and a salvage value of $71,400. Blue' accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 Depreciation for 2021 g LINK TO TEXT Compute the depreciation for this asset for 2020 and 2021 using the double-declining-balance method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 Depreciation for 2021 = Click if you would like to Show Work for this question: Open Show Work