Question: Millco Inc. acquired a machine that cost $ 1 , 8 0 0 , 0 0 0 early in 2 0 2 2 . The

Millco Inc. acquired a machine that cost $

1, 800, 000

early in

2022 .

The machine is expected to last for eight years, and its estimated salvage value at the end of its life is $

180, 000 .

Using a strraight

-

line depreciation, calculate the depriciation expense to be recognized in the first year of the machine's life and calculate the accumulated depreciation after the fourth year of the machine's life.

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