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An asset was purchased for $448000. It had an estimated salvage value of $68000 and an estimated useful life of 10 years. After 5
An asset was purchased for $448000. It had an estimated salvage value of $68000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $52000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be $51600. $41200. O $25800. $39600.
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