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A plant asset was purchased on January 1 for $30,000 with an estimated salvage value of $6,900 at the end of its useful life. The

A plant asset was purchased on January 1 for $30,000 with an estimated salvage value of $6,900 at the end of its useful life. The current years depreciation expense is $3,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $15,000. The remaining useful life of the plant asset is

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