On July 1, 2014, Allarco Inc. purchased new automobiles for $154,000. The automobiles were expected to last five years and have a residual value of $10,000.

Calculate depreciation expense for 2014 and 2015 to the nearest month using the straight-line method, and the double-declining-balance method. Allarco Inc. has a December 31 year-end. Round final calculations to the nearest dollar. For simplicity, assume the automobile is depreciated as an individual item and will not be broken down into its parts and depreciated.