Choice Among Depreciation Methods Walnut Ridge Production Inc. purchased a new computerized video-editing machine at a cost of $370,000. The system has a residual valu of $54,100 and an expected life of 5 years. Required: 1. Compute depreciation expense, accumulated depreciation, and book value for the first 3 years of the machine's life using: a. The straight-line method. D. Irie uuuvie-uecimirig-Dalarice rietiua. irle uUubie-ueciming-Dalarice ritiriua