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. The book value of the machine at the end of year 4 is:
A. $0.
B. $55,000.
C. $13,750.
D. $30,000.
E. $5,000.
Answer: E
You might also like to view...
Which of the following helps an organization focus on minimizing any harmful effects it may have on the environment?
A) Six Sigma B) ISO 9000 C) ISO 14000 D) total quality management (TQM) E) cannibalization
Find the noun that requires an apostrophe ('). Indicate the correct possessive form of the noun with the apostrophe in the correct place. Example Jims files were misplaced. Jim's The companies employees enjoyed several games at the picnic
What type of will, usually prepared by an attorneys, is subscribed and acknowledged by the testator and witnessed by individuals whoare not beneficiaries under the will?
a. Formal b. Holographic c. Nuncupative d. Statutory will
Well-designed tasks have ______, meaning the work matters to others internal and external to the team.
a. skill variety b. task identity c. task significance d. autonomy