Interest is usually associated with estion 27 yet swered arked out of 00 Select one: A. bad debts. P Flag question B. notes receivable. C. accounts receivable. D. doubtful accounts. 28 On October 1, 2017, Holt Company places a new asset into service. The cost of the asset is $120,000 with an estimated 5-year life and $30,000 salvage value at the end of useful life. What is the depreciation expense for 2017 if Holt Company uses the straight-line method of depreciation? out of question Select one: a. $12,000 b. 54,500 C. $6,000 d. $24,000