Martin Company purchases a machine at the beginning of the year at a cost of $76,000. The machine is depreciated using the double-declining-balance method. The machines useful life is estimated to be 4 years with a $6,300 salvage value. The machines book value at the end of year 3 is:

Multiple Choice

• $57,000.

• $8,700.

• $38,000.

• $9,500.

• $66,500.