Nash company purchased a piece of equipment at the beginning of 2022. The equipment cost $398,160. It has an estimated service life of 8 years and an expected salvage value of $59,040. The sum of the years digits method of depreciation is being used. Someone has already correctly prepared a depreciation schedule for this asset. This schedule shows that $56520 will be depreciated for a particular calender year. Determine what particular year the depreciation amount for this asset will be $56520.

Nash Company purchased a piece of equipment at the beginning of 2022 . The equipment cost $398,160. It has an estimated service life of 8 years and an expected salvage value of $59,040. The sum-of-the-years'-digits method of depreciation is being used. Someone has already correctly prepared a depreciation schedule for this asset. This schedule shows that $56,520 will be depreciated for a particular calendar year. Determine for what particular year the depreciation amount for this asset will be $56,520. Year of depreciation