Bridgeport Corp. purchased Machine no. 201 on May 1, 2023. The following information relating to Machine no. 201 was gathered at the end of May: It was expected that the machine could be used for 10 years, after which the residual value would be zero. However, Bridgeport intends to use the machine for only 8 years and expects to then be able to sell it for $1,500. The invoice for Machine no. 201 was paid on May 5, 2023. Bridgeport has a December 31 year end. Depreciation expense should be calculated to the nearest half month. Bridgeport follows IfRS for financial statement purposes. Calculate the depreciation expense for the years indicated using the following methods. (Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 5,275.) 1. Straight-line method for the fiscal years ended December 31, 2023 and 2024 2. Double-declining-balance method for the fiscal years ended December 31, 2023 and 2024