Mohr Company purchases a machine at the beginning of the year at a cost of $40,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $9000 salvage value. The book value of the machine at the end of year 2 is:
A. $23,250.
B. $32,250.
C. $31,000.
D. $3875.
E. $7750.
Answer: B
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