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Waterway Company purchased a new plant asset on April 1,2025 , at a cost of...

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Accounting

image Waterway Company purchased a new plant asset on April 1,2025 , at a cost of $768,000. It was estimated to have a service life of 20 years and a salvage value of $58,200. Waterway' accounting period is the calendar year. 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 decimal places, e.g. 45,892.) Depreciation for 2025 $ Depreciation for 2026 $ eTextbook and Media 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 $ eTextbook and Media Last saved 1 second ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes

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