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A plant asset was purchased on January 1 for $46300

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January 1st, 2018

A plant asset was purchased on January 1 for $46300 with an estimated salvage value of $10000 at the end of its useful life. The current year’s depreciation expense is $3300 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $16500. The remaining useful life of the plant asset is6 years.14 years.11 years.5 years.

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