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Henry Company purchased a depreciable asset for $360,000. The estimated salvage value is $35,000, and the estimated useful life is 10 years. The straight-line method

Henry Company purchased a depreciable asset for $360,000. The estimated salvage value is $35,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation expensein year 6.

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