Problem 134 (Part Level Submission) On July 1, 2017, Sport Company purchased for $3,600,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $150,000. Depreciation is taken for the portion of the year the asset is used. Complete the form below by determining the depreciation expense and year-end book values for 2017 and 2018 using the 1. sum-of-the-years'-digits method. 2. double-declining balance method. 2017 2018 Sum-of-the-Years'-Digits Method Equipment Less: Accumulated Depreciation Year-End Book Value Depreciation Expense for the Year Double-Declining Balance Method Equipment Less: Accumulated Depreciation $3,600,000 3,600,000 3,600,000 3,600,000 Year-End Book Value Depreciation Expense for the Year Click if you would like to Show Work for this question: Open Show Work