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Hahn Co. has the following data related to an asset that is depreciated using the Straight Line method: Acquisition date 10/1/2011 Cost $210,000 Residual value

Hahn Co. has the following data related to an asset that is depreciated using the Straight Line method:

Acquisition date 10/1/2011

Cost $210,000

Residual value 30,000

Estimated useful life 5 years

Using the SL depreciation method is used, how much depreciation expense should Hahn record in 2011 and 2012 for this asset?

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