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Martin Company purchases a machine at the beginning of the year at a cost of $85,000....

Martin Company purchases a machine at the beginning of the year at a cost of $85,000. The machine is depreciated using the double-declining-balance method. The machine’s useful life is estimated to be 4 years with a $7,000 salvage value. The machine’s book value at the end of year 3 is:

  • $42,500.

  • $63,750.

  • $74,375.

  • $10,625.

  • $9,719.

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