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Kingbird AG purchased a new plant asset on April 1,2022, at a cost of 954,000....

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Accounting

Kingbird AG purchased a new plant asset on April 1,2022, at a cost of 954,000. It was estimated to have a service life of 20 years and
a residual value of 78,720. Kingbird' accounting period is the calendar year.
(a)
Your answer is partially correct.
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
image

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