Martin Company purchases a machine at the beginning of the year at a cost of $67,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4000 salvage value. The book value of the machine at the end of year 5 is:
A. $0.
B. $63,000.
C. $12,600.
D. $4000.
E. $26,800.
Answer: D
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What will be an ideal response?