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:
A. $0.
B. $55,000.
C. $13,750.
D. $15,000.
E. $60,000.
Answer: C
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