Swifty Company purchased a new plant asset on April $1,2025,$ at a cost of $$720,000.$ It was estimated to have a service life of $20$ years and a salvage value of $$56,400.$ Swifty' accounting period is the calendar year.

$($a$)$

Your Answer Correct Answer $($Used$)$

Compute the depreciation for this asset for $2025$ and $2026$ using the sum$-$of$-$the$-$years'digits method. Do not round intermediate calculations. Round final answers to $0$ decinal places e$.9\mathrm{.}4589\mathrm{.}2.)$

Depreciation for $2025$

$

$47,400$

Depreciation for $2026$

$

$60830$

$($b$)$

Compute the depreciation for this asset for $2025$ and $2026$ using the double$-$declining$-$balance method. $($Do not round intermediate calculations. Round final answers to $0$ decimal places, e$.$g$.45,892.)$

Depreciation for $2025$$

Depreciation for $2026$

$