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Whispering Company purchased a new plant asset on April 1, 2025, at a cost of $744,000. It was estimated to have a service life of

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Whispering Company purchased a new plant asset on April 1, 2025, at a cost of $744,000. It was estimated to have a service life of 20 years and a salvage value of $51,000. Whispering' accounting period is the calendar year. (a) Your answer is correct. Compute the depreciation for this asset for 2025 and 2026 using the sum-of-the-years'-digits method. (Do not round intermediate colculations: Round finol answers to 0 decimal places, e. 45, 892.) Depreciation for 2025$ Depreciation for 2026$ Compute the depreciation for this asset for 2025 and 2026 using the double-declining-balance method. (Do not round intermediate calaulations. Round final answers to 0 decimal ploces, es. 45, 892.) Depreciation for 2025 Depreciation for 2026

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