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Martin Company Purchases a Machine at the Beginning of the Year

Question 52

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

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