On July 1, 2020, Blue Spruce Company purchased for $3,060,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $127,500. Depreciation is taken for the portion of the year the asset is used. (a) 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. 2. double declining balance method. Double-Declining Balance Method Equipment $3,060,000$3,060,000 Less: Accumulated Depreciation Year-End Book Value Depreciation Expense for the Year 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 $170.000. Compute the amount of depreciation expense for the 2022 income statement. Depreciation expense 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 $170,000. What is the depreciation base of this asset? Depreciation base