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Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. (Enter all amounts as positive values. Round SL rate

Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. (Enter all amounts as positive values. Round "SL rate" answers to 2 decimal places. Round your answers to the nearest dollar amount.)

One Day Laundry Services purchased a new steam press on January 1, for $39,000. It is expected to have a five-year useful life and a $3,400 salvage value. One Day expects to use the steam press more extensively in the early years of its life.

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