A company purchased machinery for $10,800,000 on January 1, 2015. The machinery has a useful life of 10 years and an estimated salvage value of $800,000. What is the depreciation expense on the machinery for the year ended December 31, 2015, assuming that the double-declining-balance method is used?

Using the same information from the previous Question, what is the depreciation expense on the machinery for the year ended December 31, 2016, assuming that the double-declining-balance method is used?