On July 1, 2025, Novak Company purchased for $5,040,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $210,000. 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: Sum-of-the-years-digits method. 1. 2. Double-declining balance method. 2025 2026