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Ferguson Company purchased a plant asset for 120,000 on April 1st, 2019. The estimated residual value is 10,000, and the estimated useful life is 10

Ferguson Company purchased a plant asset for 120,000 on April 1st, 2019. The estimated residual value is 10,000, and the estimated useful life is 10 years. The Sum-of-the-years' digit method will be used for depreciation.

What is the 2020 depreciation expense of this plant asset?

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