Multiple Choice
On January 1,2016,Martini,Inc.acquired a machine for $1,030,000.The estimated useful life of the asset is five years.Residual value at the end of five years is estimated to be $87,000.What is the book value of the machine at the end of 2017 if the company uses the straight-line method of depreciation?
A) $618,000
B) $652,800
C) $565,800
D) $617,996
Correct Answer:
Verified
Correct Answer:
Verified
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