Multiple Choice Question 34 A machine was purchased on January 1 for $100000. The machine has an estimated useful life of 5 years with a salvage value of $20000. Under the straight-line method, the book value and the accumulated depreciation of the machine at the end of year two is respectively 560000 and 540000 $68000 and $32000 540000 and $60000 $48000 and $32000