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An asset purchased on January 1 for $80,000 has an estimated residual value of $10,000. The current year's Depreciation Expense is $7,000 and the balance

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An asset purchased on January 1 for $80,000 has an estimated residual value of $10,000. The current year's Depreciation Expense is $7,000 and the balance of the Accumulated Depreciation account, after adjustment, is $14,000. If the company uses the straight-line method, what is the asset's remaining useful life? years

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