A company's property records revealed the following information about its plant assets: Calculate the depreciation expense for each machine for the year ended December 31, 2007, and for the year ended December 31, 2008. Machine 1 Cost: $42,000 Salvage Value: 3,000 Purchase Date: 10/1/07 Depreciation Method and Estimated Life-- Straight Line (3 years) Machine #2: Cost $86,000 Salvage Value $8,600 Purchase Date 7/1/07 Depreciation Method and Estimated Life--Double declining balance (5 years) Machine 1: 2008 _______________________ 2009 _______________________ Machine 2: 2008 _______________________ 2009 _______________________