Exercise 11-3, Thank you.

Kingbird Company purchased a new plant asset on April 1, 2017, at a cost of $746, 550. It was estimated to have a service life of 20 years and a salvage value of $63,000. Kingbird's accounting period is the calendar year. Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45, 892.) Depreciation for 2017 $ Depreciation for 2018 $ Compute the depreciation for this asset for 2017 and 2018 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45, 892.) Depreciation for 2017 $ Depreciation for 2018 $