Apple Company Bought a Machine on January 1, 2019

Multiple Choice

Apple Company bought a machine on January 1, 2019. The machine cost $432,000 and had an expected salvage value of $72,000. The life of the machine was estimated to be 5 years.
Using straight line depreciation, the book value of the machine at the beginning of the third year would be:

A) $360,000
B) $144,000
C) $216,000
D) $288,000