On July 1, 2025, Ayayai Company purchased for $6,480,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $270,000. Depreciation is taken for the portion of the year the asset is used. (a) -Your answer is partially correct. Complete the form below by determining the depreciation expense and year-end book values for 2025 and 2026 using: 1 Sum-of-the-years'-digits method. 2. Double-declining balance method. 2025 2026. Sum-of-the-Years-Digits Method Equipment Less: Accumulated Depreciation $6,480,000 1035000 i 1863000 $6,480,000 Year-End Book Value $ 5445000 4617000 Depreciation Expense for the Year $ 1035000 828000 Double-Declining Balance Method Equipment $6,480,000 $6,480,000