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 stimated to be 4 years with a $5,000 salvage value. The machine's book value at the end of year 3 is: 56 Minor Company installs a machine in its factory at the beginning of the year at a cost of $135.000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15.5oo salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the straight-line method. Multiple Choice 527000. 5290215. $25.800. 21 Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15.too salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the double-declining balance method. Multiple Choice 500. 54,000. 524000. 525,800. 548,000. Obligations to be paid within one year or the company's operating cycle, whichever is longer, are: 58 8 o Current assets o Current liabilities. o ) Earned revenues. o Operating cycle liabilities. o