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Concord Corporation purchased a depreciable asset for $618000 on April 1, 2016. The estimated salvage value is 554000 and the estimated total useful life is

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Concord Corporation purchased a depreciable asset for $618000 on April 1, 2016. The estimated salvage value is 554000 and the estimated total useful life is 5 years. The straight line method is used for depreciation What is the balance in accumulated depreciation on May 1, 2021 when the asset is sold? O $347800 O 5263200 $310200 O $300800

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