= Homework: Week Three Question 3, BE11-9 (simil... Part 1 of 4 HW Score: 0%, 0 of 22 points Score: 0 of 1 Save Hemingway Associates acquired a machine on January 1 at a cost of S214,900. Hemingway estimates that the machine has a useful life of 8 years and a $50,900 residual value. Compute the depreciation expense for the first two years and determine the net book value at the end of the second year, assuming the straight-line method is used. ( 1 ) Determine the formula to calculate the depreciation expense by using the straight-line method. Straight-line depreciation expense Choose from any drop-down list and then click Check Answer. Help Me Solve This e Text Pages Get More Help - Clear All Check Answer HH Type here to search Ri J'. O 1 80F Partly cloudy O 10:06 PM 8/23/2021