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Question
an asset was purchased for $60,000. it had an estimated salvage value of $15,000 and an estimated useful life of 10 years. after 5 years of use, the estimated salvage value is revised to $12,000 but the estimated useful life is unchanged. assuming straight-line depreciation, depreciation expense in year 6 would be
a.$9,000
b.$6,375
c.$5,100
d.$7,500
Answer
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