Whispering Company purchased a new plant asset on April 1, 2020, 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. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years-digits method. (Round answers to O decimal places, e.g. 45,892.) (b) Depreciation for 2020 $ 49500 Depreciation for 2021 $ 63525 eTextbook and Media Attempts: 1 of 4 used * Your answer is incorrect. Compute the depreciation for this asset for 2020 and 2021 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45,892) Depreciation for 2020 $ 51975 Depreciation for 2021 $ 64103