QUESTIONS Martin Company purchases a machine at the beginning of the year at a cost of 566,000. The machine is depreciated using the straight-line method The machine's useful life is estimated to be tyears with a $4,000 satrage value Depreciation expense in year 4 is $62,000 566 000 515 500 516,500 50 QUESTION Peavey Enterprises purchased a depreciable asset for $22,000 on April 1 Year 1 The asset will be depreciated using the straight line method over its four years Assuming the sits salvage value is $2.000 what will be the amount of accumulated depreciation on this asset on December 31 Year 39 515.000 513.750 515.125 520.000 55 000