Depreciation for Partial Periods

The company purchased a machine on April 1 for $100,000. The machine has an estimated useful life of five years and an estimated salvage value of $15,000. The company computes partial-year depreciation to the nearest whole month.

Compute the amount of depreciation expense for this year and next year using sum-of-the-years'-digits depreciation. Round your answers to the nearest whole dollar.

Depreciation expense this year	$
Depreciation expense next year	$

Compute the amount of depreciation expense for this year and next year using double-declining-balance depreciation.

Depreciation expense this year	$
Depreciation expense next year	$