Question: A machine was purchased for $ 3 8 5 , 0 0 0 and it was estimated to have a $ 2 5 , 0

A machine was purchased for $385,000 and it was estimated to have a $25,000 salvage value at the end of its 4 years useful life. It is to be depreciated by the straight-line method. What is the amount of depreciation for the second full year and the book value of the machine after two years?
A machine was purchased for $385,000 and it was estimated to have a $25,000 salvage value at the end of its 4 years useful life. It is to be depreciated by the straight-line method. What is the amount of depreciation for the second full year and the book value of the machine after two years?
$96,250 and $192,500
$96,250 and $288,750
$90,000 and $295,000
$90,000 and $205,000

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