Miller purchased a packaging machine for $300,000 on January 1, 2012 It assumed that the machine would be functional for five years with no salvage value. At the beginning of 2015, Miller estimates that there are five years of useful life remaining for the machine and a salvage value of $20,000. The company uses straight-line depreciation

1)What is the book value of the machine when it make the changes?

2)What amount of depreciation expense should Miller record in 2015?