Depreciation: Straight-Line Method A machine that cost $400,000 has an estimated residual value of $40,000 and on estimated useful life of five years. The company uses straight-line depreciation Required: 1. Calculate the machine's depreciable cost. Formula Cost Residual Value Depreciable Cont Calculation 2. Calculate the amount of depreciation expense that will be taken on the machine each year Depreciable Cout 1 Estimated Useful Life Formula Calculation: Depreciation Expanse Par Year 1 3. Calculate the machine's depreciation expense, accumulated depreciation, and book value for all five years of the machine's useful life Depreciation Accumulated Ending BOOK Cost Expense Depreciation Value Year 1 400.000 Year 2 400,000 Year 3 400.000 Year 4 400,000 Years 100.000