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Question 29 View Policies Current Attempt in Progress Waterway Industries purchased a depreciable asset for $734000 on April 1, 2018. The estimated salvage value is

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Question 29 View Policies Current Attempt in Progress Waterway Industries purchased a depreciable asset for $734000 on April 1, 2018. The estimated salvage value is $68000, 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? $274200 $368700 $410700 $316200

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