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Business, 28.12.2019 01:31 asdfghj3513
Aplant asset was purchased on january 1 for $55,000 with an estimated salvage value of $5,000 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. 10 years.
b. 11 years.
c. 6 years.
d. 5 years.
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Aplant asset was purchased on january 1 for $55,000 with an estimated salvage value of $5,000 at the...
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