hat the machine would have a remaining useful life of 6 years with a residual value of $800. equired: etermine the revised annual depreciation expense for 2023 using the straight-line method. X Feedback Check My Work Apply the following steps: Step 1: Obtain the book value of the asset at the date of the revision in depreciation. Step 2: Compute depreciation expense using the revised amounts for book value, useful life, and residual value