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Find the book value of the machine at the end of year

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Question - 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. Find the book value of the machine at the end of year 4?

a. $13,750.

b. $55,000.

c. $30,000.

d. $5,000.

e. $0.

Reference no: EM132626902

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