Casey Company bought a machine on January $1,$ Year $1.$ The machine cost $$144,000,$ the company also spent $$45,000$ and $$38,000$ for transportation and installation, respectively. The purchase was paid in cash. The accounting team expected salvage value of $$24,000.$ The life of the machine was estimated to be $5$ years.

$3.$ Please calculate the depreciation cost for the first and second year use double decline depreciation method and write the journal entry for the transactions.