Business, 15.11.2019 05:31 mirza326

Aplant asset was purchased on january 1 for $75,000 with an estimated salvage value of $15,000 at the end of its useful life. the current year's depreciation expense is $5,000 calculated on the straight-line basis and the balance of the accumulated depreciation account at the end of the year is $25,000. the remaining useful life of the plant asset is
a. 15 years.
b. 12 years.
c. 5 years.
d. 7 years.

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Aplant asset was purchased on january 1 for $75,000 with an estimated salvage value of $15,000 at th...