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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?

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$108,000

$130,000

$78,000

$104,000

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