Martin Company purchases a machine at the beginning of the year at a cost of $61,000. The machine is depreciated using the straight-line method.
Martin Company purchases a machine at the beginning of the year at a cost of $61,000. The machine is depreciated using the straight-line method. The machine’s useful life is estimated to be 5 years with a $7,000 salvage value. Depreciation expense in year 4 is:
a. $12,200.
b. $10,800.
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d. $48,800.
e. $0.