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Vaughn Manufacturing purchased a depreciable asset for $593000 on April1, 2018. The estimated salvage value is $56000, and the estimated total useful life is 5

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Vaughn Manufacturing purchased a depreciable asset for $593000 on April1, 2018. The estimated salvage value is $56000, and the estimated total 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? $286400$250600$331150$295350

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