A plant asset acquired on October 1, 2021, at a cost of $400,000 has an estimated useful life of 10 years. The salvage value is estimated to be $40,000 at the end of the asset's useful life.

Determine the depreciation expense for the first two years using the Straight-line method.

		Year 1		Year 2
Straight-line method		$enter a dollar amount		$enter a dollar amount

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Determine the depreciation expense for the first two years using the Double-declining-balance method.

		Year 1		Year 2
Double-declining-balance method		$enter a dollar amount		$enter a dollar amount