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Martin company purchases a machine at the beginning of the year at a cost of $60,000. The machine is depreciated using the double declining balance
Martin company purchases a machine at the beginning of the year at a cost of $60,000. The machine is depreciated using the double declining balance method. The machine's useful life is estimated to be 4 years with a $5,000 salvage value. Depreciation expense in year 4 is:
a. $30,000
b. $2,500
c. 13,750
d. $5,000
e. $3,750
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