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A company's property records revealed the following information about its plant assets: Machine No. Cost Salvage Value Purchase Date Estimated Life Depreciation Method 1 $82,000

A company's property records revealed the following information about its plant assets:

Machine No. Cost Salvage Value Purchase Date Estimated Life Depreciation Method

1 $82,000 $8,000 Jan 1 5 years Straight-line

2 $45,000 $3,600 July 1 5 years Double-declining balance

Calculate the depreciation expense for each machine in Year 1 and Year 2 for the year ended December 31. (2 points)

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