Question: help pls asap [Problem 6] On July 1, 2019, Thomas Company purchased for $3,600,000 snow- making equipment having an estimated useful life of 3 years
[Problem 6] On July 1, 2019, Thomas Company purchased for $3,600,000 snow- making equipment having an estimated useful life of 3 years and a zero-salvage value. Depreciation is taken for the portion of the year the asset is used. The fiscal year end is December 31. Instructions Complete the form below by determining the depreciation expense, year-end accumulated depreciation, and year-end book values from 2019 to 2022 using the sum- of-the-years-digits method and the double-declining balance method. (1) Sum-of-the-Years -Digits Method Fiscal Year Depreciation Expense for the Fiscal Year Year-End Accumulated Depreciation Year-End Book Value 2019 2020 2021 2022 (2) Double-Declining Balance Method (Hint: The depreciation rate under double- declining balance method is twice the depreciation rate under straight-line.) Fiscal Year Depreciation Expense for the Fiscal Year Year-End Accumulated Depreciation w w Year-End Book Value 2019 2020 2021 2022
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