Martin Company purchases a machine at the beginning of the year at a cost of $61,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $7,000 salvage value. The book value of the machine at the end of year 5 is: Multiple Choice $10,800. $7,000. $54,000. $24,400. $0.

Martin Compainy purchases a machine at the beginning of the yeor at a cost of $6t.000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $7,000 salvage value. The book value of the machine at the end of year 5 is Mutiple Choice 510,800 57000 $54,000 324,400 50