A machine costing $291,600 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $10,800. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar.

Depreciation Methods A machine costing $291,600 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $10,800. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. Assume the company has a calendar year end. Do not round any rates. Round final answers to the nearest dollar. DDB Straight-line Year 1 $ 0 x $ 0 x Year 2 0 x 93,600 93,600 Year 3 0 x Year 4 0 x 0 x $ 0 x $ 0 x