An asset was purchased for ¥450,000. It had an estimated residual value of ¥90,000 and an estimated useful life of 10 years. After 5 years of use, the estimated residual value is revised to ¥72,000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in year 6 would be

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The Answer of An asset was purchased for ¥450,000. It had an estimated residual value of ¥90,000 and an estimated useful life of 10 years. After 5 years of use, the estimated residual value is revised to ¥72,000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in year 6 would be

An Asset Was Purchased for ¥450,000