Multiple Choice Question 112 A plant asset was purchased on January 1 for $76500 with an estimated salvage value of $9000 at the end of its useful life. The current year's depreciation expenses $4500 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $13500. The remaining useful life of the plant asset is 14.0 years. 12.0 years. 24.0 years. 17.0 years