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Check my work 3 Millco Inc, acquired a machine that cost $1.200,000 early in 2019. The machine is expected to last for eight years, and its estimated salvage value at the end of its life is $180,000 10 port Required: a. Using straight-line depreciation calculate the depreciation expense to be recognized in the first year of the machines and calculate the accumulated depreciation after the fifth year of the machine's life, 03.44.39 Depreciation expense Accumulated depreciation book tettonces b. Using declining balance depreciation at twice the straight-line rate, calculate the depreciation expense for the third year of the machine's life. Deption c. What will be the net book value of the machine at the end of its eighth year of use before it is disposed ot under each depreciation method? Nut book value Straight the depreciation Declining balance depreciation