One Day Laundry Services purchased a new steam press on January 1, for $38,000. It is expected to have a five-year useful Me and a $3, 600 salvage value. One Day expects to use the steam press more extensively in the early years of its life. Required Calculate the depreciation expense for each of the five years, assuming the use of straight-line depreciation Calculate the depreciation expense for each of the five years, assuming the use of double-declining balance depreciation