Warren Company owns a machine with an acquisition cost of $800,000. The estimated residual value of the machine is $50,000 and it has an expected useful life of 25 years. Suppose Warren Company plans to depreciate the above machine using the double declining-balance depreciation method. Assuming the first year's depreciation expense was recorded properly, calculate the amount of depreciation expense for the second year?

For the first Year?

Calculate the gain or loss on the disposal?