On September $1,2024,$ Swifty Aerodynamics purchased a piece of equipment which cost $$71,400,$ has a $$7,200$ residual value, and an $8-$year useful life. The company has a fiscal year end of August $31.$

Calculate the depreciation expense for the year ended August $31,2025$ under Straight$-$line

Depreciation Expense

$

Calculate the depreciation expense for the year ended August $31,2025$ under Double$-$declining$-$balance.

Depreciation Expense

$