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Business, 06.05.2020 02:02 kovachb11

A plant asset was purchased on January 1 for $55000 with an estimated salvage value of $5000 at the end of its useful life. The current year's depreciation expense is $5000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $25000. The remaining useful life of the plant asset isa. 6 years. b.11 years. c. 5 years. d. 10 years

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