Kabo Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $62,000. The machine's useful life is estimated at 4 years, with a $6,000 salvage value. Prepare a table showing the depreciation expense, accumulated depreciation and book value for each year using straight-line depreciation. Straight-Line Depreciation Depreciation expense Year 1 $ 14,000 $ Year 2 $ 14,000 Year 3 $ 14,000 Year 4 $ 14,000 Total $ 56,000 Accumulated Book value depreciation $ 62,000 14,000