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Business, 16.11.2020 16:40 ymuttmutt7628

An asset was purchased for $160000. It had an estimated salvage value of $30000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $23000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be

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An asset was purchased for $160000. It had an estimated salvage value of $30000 and an estimated use...
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