On January 1,2016,Martini,Inc

question 149

Multiple Choice

On January 1,2016,Martini,Inc.acquired a machine for $1,030,000.The estimated useful life of the asset is five years.Residual value at the end of five years is estimated to be $87,000.What is the book value of the machine at the end of 2017 if the company uses the straight-line method of depreciation?

• A)$618,000
• B)$652,800
• C)$565,800
• D)$617,996

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