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An asset was purchased for $304000. It had an estimated salvage value of $64000 and an estimated useful life of 10 years. After 5 years
An asset was purchased for $304000. It had an estimated salvage value of $64000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $48000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be O $27200 O $25600. O $36800. O $18400
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