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Windsor Company purchased a new plant asset on April 1, 2020, at a cost of $735,000. It was estimated to have a service life of

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Windsor Company purchased a new plant asset on April 1, 2020, at a cost of $735,000. It was estimated to have a service life of 20 years and a salvage value of $58,800. Windsor' 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 decimal places, e.g. 45,892.) Depreciation for 2020 $ Depreciation for 2021 $ e Textbook and Media I Compute the depreciation for this asset for 2020 and 2021 using the double-declining balance method. (Round answers to o decimal places, eg. 45,892.) Depreciation for 2020 $ Depreciation for 2021 $ e Textbook and Media

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