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Martin Company purchases a machine at the beginning of the year at a cost of $70,000. 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 $70,000. The machine is depreciated using the double-declining-balance method. The machines useful life is estimated to be 4 years with a $5,800 salvage value. Depreciation expense in year 4 is:
Multiple Choice
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$16,175.
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$4,375.
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$35,000.
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$2,950.
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$5,900.
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