Use this information for the next two questions: Your Corporation, a calendar-year company, acquired a new machine on 1/1/21. The cost of the machine is $570,000, and the machine has an estimated useful life of 10 years (or 750,000 units of product). The machine has an expected salvage value of $40,000.

1. Calculate depreciation expense, using double-declining balance method, for Year 2. Accumulated depreciation at the beginning of the year was $92,500.

2. Calculate depreciation expense, using units of production, for Year 2. The output for year one was 175,000 units and the output for year two was 195,000 units.