Exercise 6-13 Depreciation calculation methods LO3 Maco, Inc, acquired a machine that cost s592,000 early in 2016. The machine is expected to last for eighth years, and ts estmated sa value at the end of e s sz9 ooo Required: straight-line depreciation, calculate the depreciation expense to be recognized in the trst year of the machine's lfe and cakulate the accumulated deprecaton ater the sam year or machine's life Depreciation expense Accumulated depreciation b. Using declining balance depreciation at twice the ine rate, calculate the depreciation expense for the third year of the machine's m a