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What the remaining useful life of the plant asset is

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Reference no: EM132607075

Question 1: A plant asset was purchased on January 1 for $35000 with an estimated salvage value of $10000 at the end of its useful life. The current year's depreciation expense is $2500 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $10000. The remaining useful life of the plant asset is

Reference no: EM132607075

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