AA Inc produces custom built boats and hoses for the installation of dock sanitation systems. The company provides the following info regarding its property plant and equipment for year ended 12/31/2016.

On June 1st 2016 the company purchased a building for 5 million and the land that it sits on for $8 million. Assume building has savage value of $500,000 and estimated life of 10 years.

Find depreciation expense for 2016 with (1) straight line depreciation and (2) double declining balance depreciation.