Paint Pro purchased a spray painter on August 1, 2025 for $8,400 and estimated the salvage value at $600, along with an estimated useful life of 4 years and 5,500 spray hours. 1,500 spray hours were used in 2025. 1.800 spray hours were used in 2026. How much is depreciation expense in 2025 and 2026 using the double-declining-balance method? (Round intermediate calculations and final answers to O decimal places, e.g. 5,275.) 2025 expense 2026 expense

FINANCIAL ACCOUNTING
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Paint Pro purchased a spray painter on August 1, 2025 for $8,400 and estimated the salvage value at $600, along with an
estimated useful life of 4 years and 5,500 spray hours. 1,500 spray hours were used in 2025. 1,800 spray hours were used in 2026
How much is depreciation expense in 2025 and 2026 using the double-declining-balance method? (Round intermediate calculations
and final answers to O decimal places, e.g. 5,275.)
2025 expense $
2026 expense
$
Transcribed Image Text:Paint Pro purchased a spray painter on August 1, 2025 for $8,400 and estimated the salvage value at $600, along with an estimated useful life of 4 years and 5,500 spray hours. 1,500 spray hours were used in 2025. 1,800 spray hours were used in 2026 How much is depreciation expense in 2025 and 2026 using the double-declining-balance method? (Round intermediate calculations and final answers to O decimal places, e.g. 5,275.) 2025 expense $ 2026 expense $
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