Martin Company Purchases a Machine at the Beginning of the Year

question 25

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 double-declining-balance method. The machine's useful life is estimated to be 4 years with a $5,000 salvage value.
- The machine's book value at the end of year 3 is:

• A) $45,000.
• B) $30,000.
• C) $7,500.
• D) $6,875.
• E) $52,500.

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