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Martin Company purchases a machine at the beginning of the year at a cost of $95,000. 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 $95,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 4 years with a $7,900 salvage value. Depreciation expense in year 4 is: Multiple Choice $21,838. $5,938. $47,500. $3,975 $7,950.
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