On January 1 of the current year, Schulte Manufacturing Company purchased a metal cutting and polishing machine at a cost of $3,680,000.

The installation and delivery costs amounted to $220,000.The firm expects the machine to be productive for a total of 5 years and a residual value of $350,000 at the end of the asset's useful life.

Prepare the depreciation schedules for the machine assuming that the following methods were used (each case is independent):

1.	Straight-line method
2.	Double-declining balance method (DDB) (Reduce the depreciation expense in the last year to the necessary amount to arrive at an ending book value equal to the scrap value.)