help on b2 all information on other questions is answered already to help guide! please and thank you :)

On July 1, 2020, Martinez Company purchased for $4,680,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $195,000. Depreciation is taken for the portion of the year the asset is used. (a) Your answer is correct. Complete the form below by determining the depreciation expense and year-end book values for 2020 and 2021 using the 1. sum-of-the-years-digits method. double-declining balance method 2 1. sum-of-the-years-digits method. double-declining balance method. 2. 2020 2021 Sum-of-the-Years'-Digits Method Equipment $4,680,000 $4,680,000 Less: Accumulated Depreciation $ 747500 $ 2093000 Year-End Book Value 3932500 2587000 Depreciation Expense for the Year 747500 1345500 Double-Declining Balance Method Equipment $4,680,000 $4,680,000 Less: Accumulated Depreciation 936000 2433600 Year-End Book Value 3744000 2246400 Depreciation Expense for the Year 936000 1497600 (61) Your Answer Correct Answer (Used) Assume the company had used straight-line depreciation during 2020 and 2021. During 2022, the company determined that the equipment would be useful to the company for only one more year beyond 2022. Salvage value is estimated at $260,000. Compute the amount of depreciation expense for the 2022 income statement. $ 1.537 250 Depreciation expense (62) Your answer is incorrect. Assume the company had used straight-line depreciation during 2020 and 2021. During 2022, the company determined that the equipment would be useful to the company for only one more year beyond 2022. Salvage value is estimated at $260,000 What is the depreciation base of this asset? Depreciation base Save for Later Last saved 1 second ago Attempts: 1 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto: submission can take up to 10 minutes