Exercise 11-03 Tamarisk Company purchased a new plant asset on April 1, 2020, at a cost of $759,000. It was estimated to have a service life of 20 years and a salvage value of $61,800. Tamarisk' accounting period is the calendar year. x Your answer is incorrect. Try again. 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.) 66,400 Depreciation for 2020 Depreciation for 2021 63,080 LINK TO TEXT x Your answer is incorrect. Try again. Compute the depreciation for this asset for 2020 and 2021 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 75,900 Depreciation for 2021 68,310