A machine was purchased on January 1 for $100,000. The machine has an estimated useful life of 4 years with a salvage value of $20,000. Under the straight-line method, accumulated depreciation at the end of year 2 is:
a. $25,000
b. $22,500
c. $50,000
d. $40,000

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The Answer of A machine was purchased on January 1 for $100,000. The machine has an estimated useful life of 4 years with a salvage value of $20,000. Under the straight-line method, accumulated depreciation at the end of year 2 is:
a. $25,000
b. $22,500
c. $50,000
d. $40,000

A Machine Was Purchased on January 1 for $100,000