On Jan. 2, 2010, Doric Company purchased a machine for $75,000. Doric expects the machine to have a useful life of 10 years and $5,000 salvage value. What is the book value of machine at the end of 2011?
A) $56,000
B) $60,000
C) $61,000
D) $70,000
E) $75,000

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The Answer of On Jan. 2, 2010, Doric Company purchased a machine for $75,000. Doric expects the machine to have a useful life of 10 years and $5,000 salvage value. What is the book value of machine at the end of 2011?
A) $56,000
B) $60,000
C) $61,000
D) $70,000
E) $75,000

On Jan 2, 2010, Doric Company Purchased a Machine for $75,000