machine was purchased tor $500,000 with a residual value of 50,000 . The company estimates that the machine will last 5 ears and produce 2,000,000 parts over its life. Ealculate depreciation expense using the Double Declining Balance nethod for its 5-year life. (NOTE: Round your answers to the nearest ollar and enter it enter it WITHOUT decimals, commas or dollar signs Example 75000].) 1. Year 1 -__\$ 2. Year 2 -__\$ 3. Year 3 -__\$ 4. Year 4 - _- \$ 5. Year 5 - _- \$