A plant asset was purchased on January 1 for $63200 with an estimated salvage value of $10000 at the end of its useful life. The current year's depreciation expense is $3800 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $19000. The remaining useful life of the plant asset is 9 years. 17 years. 14 years. 5 years.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A plant asset was purchased on January 1 for $63200 with an estimated salvage value of $10000 at the end of its useful life. The current year's depreciation expense is $3800 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $19000. The remaining useful life of the plant asset is

9 years.

17 years.

14 years.

5 years.

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