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At the beginning of the year, Seraglio Companies bought machinery, shelving, and a forklift. The machinery initially cost $$32,800$ but had to be overhauled $($at a cost of $$2,640)$ before it could be installed $($at a cost of $$1,320)$ and finally put into use. The machinery$$s total life was estimated as $40,000$ hours, with an estimated residual value of $$1,000.$ The machinery was actually used $5,000$ hours in year $1$ and $7,000$ hours in year $2.$ Repair costs were $$530$ in each year.

The shelving cost $$10,200$ and was expected to last $5$ years, with a residual value of $$780.$ The forklift cost $$18,900$ and was expected to last six years, with a residual value of $$2,360.$

$5.$ Compute double$-$declining$-$balance depreciation expense for years $1$ and $2$ for the forklift. TIP: Remember that the formula for double$-$declining$-$balance uses cost minus accumulated depreciation $($not residual value$).$