Calculate the depreciation and rate of depreciation under SLM (straight line method) Expenses incurred at the time of purchase to be capitalized Estimated residual value Machine Cost of Machine No 1 2 3 4 5 80000 100000 120000 160000 200000 8000 10000 5000 20000 30000 10000 12000 14500 6000 4000 Expected useful life in years 5 10 6 87