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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
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 machines useful life is estimated to be 4 years with a $5,000 salvage value. Depreciation expense in year 4 is:
$30,000.
$2,500.
$3,750.
$5,000.
$13,750.
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