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Metlock Company purchased a new plant asset on April 1, 2025, at a cost of $742,000. It was estimated to have a service life
Metlock Company purchased a new plant asset on April 1, 2025, at a cost of $742,000. It was estimated to have a service life of 20 years and a salvage value of $57,400. Metlock' accounting period is the calendar year. Compute the depreciation for this asset for 2025 and 2026 using the sum-of-the-years'-digits method. (Do not round intermediate calculations. Round final answers to O decimal places, e.g. 45,892.) Depreciation for 2025 $ Depreciation for 2026 $ Compute the depreciation for this asset for 2025 and 2026 using the double-declining-balance method. (Do not round intermediate calculations. Round final answers to O decimal places, e.g. 45,892.) Depreciation for 2025 $ Depreciation for 2026 +A $
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