On July 1, 2020, Blue Spruce Company purchased for $6,660,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $277,500. Depreciation is taken for the portion of the year the asset is used.

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.

I already have the answer for this but can you please help with only providing the calculations to get through that answer or like how is done that each method to get through that answers? :) Pleasee. The chegg Q & A that I use did not provide it well enough. I did not understand it.

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 $370,000. Compute the amount of depreciation expense for the 2022 income statement.

Depreciation expense

$

Please provide exact number answer of depreciation expense I only have one attempt left. Also, the calculation to get that answer. Thanks,

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 2020 2021 Sum-of-the-Years'-Digits Method Equipment $6,660.000 $6,660,000 Less: Accumulated Depreciation S 1063750 S 2978500 Year-End Book Value 5596250 3681500 1063750 1914750 Depreciation Expense for the Year Double-Declining Balance Method Equipment Less: Accumulated Depreciation $6,660.000 $6,660,000 S 1332000 $ 3463200 Year-End Book Value 5328000 3196800 Depreciation Expense for the Year 1332000 2131200 e Textbook and Media Attempts: 2 of 3 used