On February 28, 2017, Rural Tech Support purchased a copy machine for $53,400. Rural Tech December 31, 2017, using the straight line method Support expects the machine to last for six years and to have a residusal value of $3,000 Compute depreciation expense on the machine for the yoar ended Begin by selecting the formula to calculate the company's depreciation expense on the machine for the year ended December 31, 2017 Then enter the amounts ntermediary cakculations Only round the amount you input for straght- line depreciation to the nearest doilar) and cakculate the depreciation expense. (Abbreviation used Acc. accumulated Do not Straight ine Residual Value)Useful Life 1x( Number of Months 12) depreciation 1x 0 / 12