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

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Q1. Martin Company purchases a machine at the beginning of the year at a cost of $67,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. Find the book value of the machine at the end of year 5?

a. $12,600.

b. $63,000.

c. $26,800.

d. $4,000.

e. $0.

Q2. Mohr Company purchases a machine at the beginning of the year at a cost of $29,000. 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. Find the book value of the machine at the end of year 2?

a. $4,400.

b. $8,800.

c. $13,200.

d. $20,200.

e. $22,000.

Reference no: EM132761021

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