Problem 1 (16%) On August 1, 2018, Sparks Company purchased for 2,160,000 snow-making equipment having an estimated useful life of 6 years with an estimated residual value of 160,000. Depreciation policy is taken for the portion of the year the asset is used. Instructions (fill in your answers and workings in the answers worksheets provided) Determining the depreciation expense and year-end book values for 2018 and 2019 using the a. sum-of-the-years-digits method. b. double-declining balance method. PLEASE COPY THE HEADING AN INFORMATION TO THE ANSWER WORKSHEET Requirement YEAR WORKINGS DEPRECIATION BOOK EXPENSE VALUE la 2018 2019 2018 2019