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Question
an asset was purchased for $200,000. it had an estimated salvage value of $40,000 and an estimated useful life of 10 years. after 5 years of use, the estimated salvage value is revised to $32,000 but the estimated useful life is unchanged. assuming straight-line depreciation, depreciation expense in year 6 would be
a.$24,000
b.$17,600
c.$12,000
d.$16,800
Answer
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