Question 11 of 20 - / 0.4 View Policies Current Attempt in Progress Sheffield Corp. purchased a depreciable asset for $732000 on April 1, 2018. The estimated salvage value is $72000, and the estimated useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on May 1, 2021 when the asset is sold? O $407000 $270500 $312500 O $365000 Save for Later