Martin Company purchases a machine at the beginning of the year at a cost of $74,000. The machine is depreciated using the straight-fine method. The machine's useful life is estimated to be 4 years with a $7,000 salvage value. The book value of the machine at the end of year 4 is Mutuple Choice $16350 $67,000 537,000 $7000 Martin Company purcheses a machine at the beginning of the year at a cost of $70.000. The machine is depreciated using the double-dectining balance method. The machine's useful life is estimated to be 4 yoars with a 55,800 salvage value. The machine's book value at the end of year 3 is: Mutiple Chipere 535,000 552500 561,250 58750