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An asset was purchased for $160000. It had an estimated salvage value of $30000 and an estimated useful life of 10 years. After 5 years

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An asset was purchased for $160000. It had an estimated salvage value of $30000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $23000 but the estimated useful life is unchanged. Assuming straight-line depreciation depreciation expense in Year 6 would be O $21667. O $26000 O $18000 $14400

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