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Jenks Co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data

Jenks Co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data relating to one of Jenks' depreciable assets at December 31, 2004 is as follows: Acquisition year, 2002 Cost, $350,000 Salvage value, $50,000 Accumulated depreciation, $274,400 Estimated useful life, 5 years Using the same technique as discussed in class and depreciation method as used in 2002, 2003, and 2004, how much depreciation expense should Jenks record in 2005 for this asset?

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