Nesday Company purchased a machine for $50,000 in cash on August 1 of Year 1. The machine has an estimated useful life of 10 years and an estimated salvage value of$5,000. Nesday Company uses the straight-line method for computing depreciation expense.

What is the BOOK VALUE of the machine as of the END of**Year 3**?

$12,084

$35,000

$39,125

$33,333

$41,000

$36,500