Martin Company purchases a machine at the beginning of the year at a cost of $61,000. The machine is depreciated using the straight-line method.

Martin Company purchases a machine at the beginning of the year at a cost of $61,000. The machine is depreciated using the straight-line method. The machine’s useful life is estimated to be 5 years with a $7,000 salvage value. Depreciation expense in year 4 is:
a. $12,200.
b. $10,800.
c. $54,000.
d. $48,800.
e. $0.
 
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

"Is this qustion part of your assignmentt? We will write the assignment for you. click order now and get up to 40% Discount"