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An asset was purchased for $418000. It had an estimated salvage value of $78000 and an estimated useful life of 10 years. After 5 years

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An asset was purchased for $418000. It had an estimated salvage value of $78000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $62000 but the estimated useful life is unchanged. Assuming straight-line depreciation depreciation expense in Year 6 would be $37200 O $49600 $24800, $35600

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