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Martin Company purchases a machine at the beginning of the year at a cost of $74,000. The machine is depreciated using the straight-line method. The

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Martin Company purchases a machine at the beginning of the year at a cost of $74,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 4 years with a $7,000 salvage value. Depreciation expense in year 4 is: Multiple Choice $18,500. $16,750. $67,000. $74,000. o so. $0

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