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Fernando Company purchased a depreciable asset for $175,000. The estimated salvage value is $14,000, and...

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Accounting

Fernando Company purchased a depreciable asset for $175,000. The estimated salvage value is $14,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset?

Group of answer choices

None of the other answers are correct

$175,000

$17,500

$16,100

$161,000

Answer & Explanation Solved by verified expert
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