1 Milco Inc. acquired a machine that cost $1.200.000 early in 2015 The machine is expected to last for eight years, and its estimated salvage value at the end of its life is $180.000 Required: . Using straight line depreciation calculate the depreciation expense to be recognized in the first year of the machines life and calculate the accumulated depreciation after the fifth year of the machine's life 70 boo Depreciation Accumulated depreciation Pert b. What will be the net book value of the machine at the end of its eight year of use before it is disposed of under each depreciation metro Not took a Sine depreciation