Question 2 0.25/1 Waterway Company purchased a new plant asset on April 1,2017,at a cost of $732,330. It was estimated to have a service life of 20 years and a salvage value of $61,800. Waterway's accounting period is the calendar year. Your answer is partially correct. Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e-g.45,892) Depreciation for 2017 47,895 Depreciation for 2018 60,667 X Your answer is incorrect. Compute the depreciation for this asset for 2017 and 2018 using the double-declining-balance method. (Round answers to O decimal places, eg. 45,892.) Depreciation for 2017 50,290 Depreciation for 2018 62,024