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Sheridan Company purchased a depreciable asset for $174400. The estimated salvage value is $14900, and the estimated useful life is 10 years. The straight-line method

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Sheridan Company purchased a depreciable asset for $174400. The estimated salvage value is $14900, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? $174400 $17440 $159500 $15950

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