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Multiple Choice Question 129 An asset was purchased for $248000. It had an estimated salvage value of $48000 and an estimated useful l years. After

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Multiple Choice Question 129 An asset was purchased for $248000. It had an estimated salvage value of $48000 and an estimated useful l years. After 5 years of use, the estimated salvage value is revised to $43000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in year 6 would be $14800 21000. $29600 $20000

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