Martin Company purchases a machine at the beginning of the year at a cost of $75,000. The machine is depreciated using the straight-line method. The machines useful life is estimated to be 5 years with a $5,000 salvage value. The book value of the machine at the end of year 5 is:

Multiple Choice

$70,000.

$0.

$14,000.

$5,000.

$30,000.