Martin Company purchases a machine at the beginning of the year at a cost of $85,000. The machine is depreciated using the double-declining balance method. The machine's useful life is estimated to be 4 years with a $7,000 salvage value. Depreciation expense in year 4 is: Multiple Choice O $19,813 0 $5.313. 0 $42,500 Mohr Company purchases a machine at the beginning of the year at a cost of $42,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $4,000 salvage value. Depreciation expense in year 2 is: Multiple Choice o O $5,250 o $4,750 o $10.500 A company purchased a delivery van for $24,800 with a salvage value of $3,300 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1? Multiple Choice O $4,300 O $1,433 O 0 $1,075 O 1 Spears Co. had net sales of $37,404 million. Its average total assets for the period were $14,702 million. Spears' total asset turnover equals: Multiple Choice