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An asset was purchased for $310000. It had an estimated salvage value of $70000 and an estimated useful life of 10 years. After 5 years
An asset was purchased for $310000. It had an estimated salvage value of $70000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $54000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be $25600. O $27200. $38000 O $19000
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