Question: Current Attempt in Progress Concord AG purchased a new plant asset on April 1, 2022, at a cost of 762,000. It was estimated to

Current Attempt in Progress Concord AG purchased a new plant asset on April 1, 2022, at a cost of 762,000. It was estimated to have a service life of 20 years and a residual value of 61,440. Concord' accounting period is the calendar year. (a) Compute the depreciation for this asset for 2022 and 2023 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2022 Depreciation for 2023 eTextbook and Media Confortister Attempts: 0 of 3 used Submit Answer

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