On July 1, 2020, Yorkton Company purchased for $480,000 equipment having an estimated useful life of eight years with an estimated residual value of $20,000. 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.) 2021 2022 1 Double-declining balance method Equipment Lesk Accumulated depreciation Year-end book value Depreciation expense for the year 2 Straight-line method 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 you 2. Straight-line method Equipment Less: Accumulated depreciation Year-end book value Depreciation expense for the year