On 1st January, 2020 Lohitha Pvt. Ltd., a leading manufacturing Organization purchased a huge machinery for $ 2,500,000. The machine is expected to last for 8 years. At the end of the Useful Life the Machinery is expected to be sold for $ 50,000. Find out the Depreciation for the 3rd year under Straight Line Method (SLM) and Double-Declining Balance Method (DDBM). SLM = $ 306,250 ; DDBM = $ 468,750.00 SLM = $ 306,250 ; DDBM = $ 344,531.25 SLM = $ 306,250 ; DDBM = $ 351,562.50 SLM = $ 312,500 ; DDBM = $ 344,531.25