ES 2 Multiple Choice Question 99 On October 1, 2021, Bonita Company places a new asset into service. The cost of the asset is $115000 with an estimated 5-year life and $22000 salvage value at the end of its useful life. What is the depreciation expense for 2021 if Bonita Company uses the straight-line method of depreciation? O $23000 O $4650 O $11500 O $5750