Sandblasting equipment acquired at a cost of $40,000 has an estimated residual value of $8,000 and an estimated useful life of eight years. It was placed into service on April 1 of the current fiscal year, which ends on December 31.

Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method.

	Depreciation
Year 1	$
Year 2	$