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Phoenix [80]
3 years ago
15

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
Business
1 answer:
viktelen [127]3 years ago
7 0
<span>If 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 $56,000 due to accumulated depreciation account.</span>
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The correct answer is; $875.00.

Further Explanation:

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d. Finding reliable professionals to represent your interests.

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The primary function of "Institutional Review Boards" and other similar groups is to:____________.
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