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A plant asset with an acquisition cost of $450,000 and an estimated salvage value of $60,000 at the end of its estimated 5-year service life
A plant asset with an acquisition cost of $450,000 and an estimated salvage value of $60,000 at the end of its estimated 5-year service life is to be depreciated using the sum-of-the-years-digits method. What amount of depreciation expense should be reported for the second year of the assets life?
Group of answer choices
$108,000
$130,000
$78,000
$104,000
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