Martin Company Purchases a Machine at the Beginning of the Year

question 181

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.The book value of the machine at the end of year 4 is:

• A)$13,750.
• B)$55,000.
• C)$30,000.
• D)$5,000.
• E)$0.

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Definitions:

Passively Respond

A behavior or response where an individual does not actively engage or react in a situation but instead allows things to happen without direct interaction.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Sexually Promiscuous

Describing individuals who engage in sexual activities with multiple partners frequently and without deep emotional attachments.

Narcissistic Character

A personality trait characterized by a grandiose sense of self-importance, a need for admiration, and a lack of empathy.