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Discuss about the remaining useful life of the plant asset

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Question - A plant asset was purchased on January 1 for $100,000 with an estimated salvage value of $20,000 at the end of its useful life. The current year's Depreciation Expense is $10,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $50,000. The remaining useful life of the plant asset is

10 years.

8 years.

3 years.

5 years.

Reference no: EM131693910

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