Martin Company Purchases a Machine at the Beginning of the Year

question 115

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

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Definitions:

Euglenoids

A group of mostly freshwater unicellular excavates that move by means of an anterior flagellum and are usually photosynthetic.

Coenocytic

Refers to a type of cell or organism that has multiple nuclei sharing a common cytoplasm, without being divided into individual cells.

Multiple Nuclei

A condition where a cell contains more than one nucleus, common in certain types of muscle cells and some fungal species.

Micronucleus

One or more smaller nuclei found, along with the macronucleus, in ciliates. The micronucleus is involved in sexual reproduction. Compare with macronucleus.