Martin Company Purchases a Machine at the Beginning of the Year

Multiple Choice

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 machine's useful life is estimated to be 4 years with a $5,000 salvage value.Depreciation expense in year 4 is:

A) $15,000.
B) $13,750.
C) $55,000.
D) $60,000.
E) $0.