On July 1, 2025, Swifty Company purchased for $6,120,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $255,000. Depreciation is taken for the portion of the year the asset is used. (a) 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 $6,120,000 $6,120,000 Less: Accumulated Depreciation to Year-End Book Value $ $2. Double-declining balance method. 2025 2026 Sum-of-the-Years'-Digits Method Equipment $6,120,000 $6,120,000 Less: Accumulated Depreciation to Year-End Book Value to tA Depreciation Expense for the Year $ to Double-Declining Balance Method Equipment $6,120,000 $6,120,000 Less: Accumulated Depreciation LA Year-End Book Value Depreciation Expense for the Year(b1) Assume the company had used straight-line depreciation during 2025 and 2026. In 2027, the company determined that the equipment would be useful to the company for only one more year beyond 2027. The salvage value is estimated at $340,000. Compute the amount of depreciation expense for the 2027 income statement. Depreciation expense $ Save for Later Attempts: 0 of 1 used Submit Answer (b2) Assume the company had used straight-line depreciation during 2025 and 2026. During 2027, the company determined that the equipment would be useful to the company for only one more year beyond 2027. Salvage value is estimated at $340,000. What is the depreciation base of this asset at the end of 2026? Depreciation base $ Save for Later Attempts: 0 of 1 used Submit