A plant asset was purchased on January 1 for $56500with an estimated salvage value of $10000at the
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Question:
A plant asset was purchased on January 1 for $56500with an estimated salvage value of $10000at the end of its useful life. The current year's depreciation expense is $3100calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $18600. The remaining useful life of the plant asset is
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