Current Attempt in Progress

Pharoah Company purchased a depreciable asset for $$617000$ on April $1,2023.$ The estimated salvage value is $$59000,$ 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 $1,2026$ when the asset is sold?

$$344100$

$$260400$

$$306900$

$$241800$

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