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Marigold Company purchased a new plant asset on April 1, 2020, at a cost of $723,000....

Marigold Company purchased a new plant asset on April 1, 2020, at a cost of $723,000. It was estimated to have a service life of 20 years and a salvage value of $59,400. Marigold’ accounting period is the calendar year.

(a)

Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.)
Depreciation for 2020 $enter a dollar amount
Depreciation for 2021

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