3 - Calculating Revised Depreciation Required: Monster Inc. purchased a machine for $100,000 and depreciated it on a straight-line basis over a 10-year period. The machine has an estimated residual value of $10,000. After using the asset for 3 years, the management realized that the machine will wear out before 10 years. Starting in year 4, the company began depreciating the machine over a revised total life of 8 years. a. Calculate the depreciation expense for year 1 b. Calculate the book value of the machine after year 3 c. Calculate the depreciation expense for year 4 d. Calculate the book value of the machine after year 8 Score 0%