On July 1, 2020, Yorkton Company purchased for $400,000 equipment having an estimated useful life of eight years with an estimated residual value of $40,000. Depreciation is calculated to the nearest month. The company has a December 31 year- end. Required: Complete the following schedules: (Amount to be deducted should be indicated by a minus sign.) 2020 2021 2022 1. Double-declining-balance method: Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year 2. Straight-line method: Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year