Blue Spruce Corp. purchased Machine no. 201 on May 1, 2020. The following information relating to Machine no. 201 was gathered at the end of May:

Price		$74,000
Credit terms		2/10, n/30
Freight-in costs		$700
Preparation and installation costs		$3,100
Labour costs during regular production operations		$8,500

It was expected that the machine could be used for 10 years, after which the residual value would be zero. However, Blue Spruce intends to use the machine for only eight years and expects to then be able to sell it for $1,200. The invoice for Machine no. 201 was paid on May 5, 2020. Blue Spruce has a December 31 year end. Depreciation expense should be calculated to the nearest half month. Blue Spruce follows IFRS for financial statement purposes.

Calculate the depreciation expense for the years indicated using the following methods.

1.)Double-declining-balance method for the fiscal years ended December 31, 2020 and 2021