Answered

Martin Company purchases a machine at the beginning of the year at a cost of $60,000. The machine is depreciated using the straight-line method. The machine’s useful life is estimated to be 4 years with a $5,000 salvage value. Depreciation expense in year 4 is:



Answer :

Answer:

7,500

Step-by-step explanation:

Year, Workings, Depreciation, Book value

0- $60,000

1- 2/4 x 60,000 = 30,000 = 30,000

2- 2/4 x 30,000 = 15,000 = 15,000

3- 2/4 x 15,000 = 7,500 = 7,500