Depreciation Methods A machine costing 5109,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estumated salvage value is 55,400 . Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods (a) straght-ine, (b) double-decining balance. For double-declining balance, do not round until your final answer, Round your final answers to the nearest dollar