Question: Question 29 0f 50 1 E View Policies Current Attempt in Progress Oriole Company purchased a depreciable asset for $707000 on April 1. 2023. The

Question 29 0f 50 1 E View Policies Current Attempt in Progress Oriole Company purchased a depreciable asset for $707000 on April 1. 2023. The estimated salvage value is $68000, and the estimated useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on May 1, 2026 when the asset is sold? O $254520 0 $295940 0 $394050 0 $353250

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