The amount of substance remaining after time \( t \) in a radioactive decay process is given by:
\[
N(t) = N_0 e^{-\lambda t}
\]
where \( \lambda \) is the decay constant and \( t \) is the time in years. The half-life \( t_{1/2} \) is related to \( \lambda \) by:
\[
\lambda = \frac{\ln 2}{t_{1/2}}.
\]
For \( ^{60} \)Co, \( t_{1/2} = 5.27 \) years, so:
\[
\lambda = \frac{\ln 2}{5.27} = 0.131 \, \text{per year}.
\]
The initial amount is \( N_0 = 1 \, \text{mg} \). The amount remaining after 1 year is:
\[
N(1) = 1 e^{-0.131 \times 1} = 0.877 \, \text{mg}.
\]
The amount disintegrated is:
\[
1 - 0.877 = 0.123 \, \text{mg}.
\]
Thus, the amount disintegrated in 1 year is \( 0.12 \, \text{mg} \).