Computing Depreciation under straight-line and Double-Declining Balance for Partial Years A machine costing $218,700 is purchased on May 1, Year 1. The machine is expected to be obsolete after three years (36 months) and, thereafter, no longer useful to the company. The estimated salvage value is $8,100. Compute depreciation expense for both Year 1 and Year 2 under each of the following depreciation methods: a. Straight-line (Round to the nearest dollar) Year 1 $: Year 2 $: b. Double-declining balance (Round to the nearest dollar) Year 1 $: Year 2 $