Kenartha Oil recently paid $495,900 for equipment that will last five years and have a residual value of $122,000. By using the machine in its operations for five years, the company expects to earn $188,000 annually, after deducting all expenses except depreciation. Complete the schedule below assuming each of (a) straight-line depreciation and (b) double-declining-balance depreciation. (Do not round intermediate calculations. Enter loss amounts with a minus sign.)

(a)	Straight-Line Depreciation:
		Year 1	Year 2	Year 3	Year 4	Year 5	5-Year Totals
	Profit before depreciation
	Depreciation expenses
	Profit (loss)
(b)	Double-Declining-Balance Depreciation:
		Year 1	Year 2	Year 3	Year 4	Year 5	5-Year Totals
	Profit before depreciation
	Depreciation expenses
	Profit (loss)