62)

On November 1, 2016, Sandhill Co. places a new asset into service. The cost of the asset is $78000 with an estimated 5-year life and $12000 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Sandhill Co. uses the straight-line method of depreciation?

$7800.

$2200.

$3300.

$13200.