Jones Co. purchased a machine on January 1, Year 1 for $450.000. The machine is expected to have a useful life of 8 years and has an estimated salvage value Depreciation Expense Accumulated Depreciation $51,250 $102,500 Depreciation Expense Accumulated Depreciation $51.250 $ 51.250 Depreciation Expense Accumulated Depreciation $56,650 5 56,650 Depreciation Expense Accumulated Depreciation 556,650 $112.500 i life of 8 years and has an estimated salvage value of $40.000. For year 2. what is the depreciation expense and accumulated depreciation on the machine