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On May 1, 2021. Concord Company sells office furniture for $308400 cash. The office furniture originally cost $730000 when purchased on January 1,2014. Depreciation is

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On May 1, 2021. Concord Company sells office furniture for $308400 cash. The office furniture originally cost $730000 when purchased on January 1,2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $83800. What depreciation expense should be recorded on this asset in 2021? $64620 $24333. $21540 $32310

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