An aAn asset purchased on January 1 for Rs.48,000 has an estimated salvage value of Rs.3,000. The current years Depreciation Expense is Rs.5,000 and the balance of the Accumulated Depreciation account, after adjustment, is Rs.20,000. If the company uses the straight-line method, what is the assets remaining useful life?sset purchased on January 1 for Rs.48,000 has an estimated salvage value of Rs.3,000. The current years Depreciation Expense is Rs.5,000 and the balance of the Accumulated Depreciation account, after adjustment, is Rs.20,000. If the company uses the straight-line method, what is the assets remaining useful life?