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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

  • $16,175.

  • $4,375.

  • $35,000.

  • $2,950.

  • $5,900.

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