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Martin Company purchases a machine at the beginning of the year at a cost of $140,000....

Martin Company purchases a machine at the beginning of the year at a cost of $140,000. The machine is depreciated using the double-declining-balance method. The machine’s useful life is estimated to be 4 years with a $11,600 salvage value. The machine’s book value at the end of year 3 is:

Multiple Choice

a. $70,000.

b. $105,000.

c. $122,500.

d. $17,500.

e. $16,025.

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