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An asset having a six - year useful life and a salvage value of $ 3 , 0 0 0 was acquired for $ 2

An asset having a six-year useful life and a salvage value of $3,000 was acquired for $21,000 cash on January 1. The company estimates the asset will produce 60,0C units over its useful life. During the year the asset was used to produce 14,020 units. Using straight-line depreciation, what will be the depreciation expense for year 1 of this asset?
$4,907
$4,206
$3,500
$3,000
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