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An asset was purchased for $324000. It had an estimated salvage value of $64000 and an estimated useful life of 10 years. After 5 years
An asset was purchased for $324000. 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 usefut tife is unchanged. Assuming straight-fine depreciation, depreciation expense in Year 6 would be $27600$19400$29200$38800
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