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Martin Company purchases a machine at the beginning of the year at a cost of...

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Accounting

Martin Company purchases a machine at the beginning of the year at a cost of $60,000. The machine is depreciated using the straight-line method. The machines useful life is estimated to be 4 years with a $5,000 salvage value. The machines book value at the end of year 4 is:

$13,750

$55,000

$30,000

$5,000

$0

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