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Blossom Import Company purchased a depreciable asset for $164000 on April 1, 2020. The estimated...

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Accounting

Blossom Import Company purchased a depreciable asset for $164000 on April 1, 2020. The estimated salvage value is $41000, and the estimated useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on March 1, 2023 when the asset is sold? $67650 $191333 $73800 $71750

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