Depreciation Methods

A machine costing $180,000 was purchased May 1. The machine should be obsolete after four years and, therefore, no longer useful to the company. The estimated salvage value is $15,000. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar.

a. Straight-line:
Year 1:	Answer
Year 2:	Answer
Year 3:	Answer
Year 4:	Answer
Year 5:	Answer
b. Double-declining balance:
Year 1:	Answer
Year 2:	Answer
Year 3:	Answer
Year 4:	Answer