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----------------------- A plant asset was purchased on January 1 for $66000 with an estimated salvage value of $10000 at the end of its useful life.
----------------------- A plant asset was purchased on January 1 for $66000 with an estimated salvage value of $10000 at the end of its useful life. The current year's Depreciation Expense is $5000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $20000. The remaining useful life of the plant asset is O 7.2 years O 11.2 years O 13.2 years O 8.2 years Bramble Company purchased equipment on January 1, 2021. at a total invoice cost of $1180000. The equipment has an estimated salvage value of $33000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2022, if the straight-line method of depreciation is used? $236000 O $229400 $458800 O $472000
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