Hotworx buys a specialty table saw for its metal fabrication business on January 1, 2021. The machine cost $350,000 and is expected to be used for five years. At the end of the five years it is expected that the machine can be sold for $15,000.

Is depreciation expense for the third year (2023) higher under the straight-line or the double-declining-balance depreciation methods.

1. straight-line
2. double-declining balance