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On January 1, 2021 Bob's Boathouse purchased an asset for $82,000 cash. The asset had an estimated 10-year useful life and an estimated residual value

On January 1, 2021 Bob's Boathouse purchased an asset for $82,000 cash. The asset had an estimated 10-year useful life and an estimated residual value of $16,000.

Using the straight-line method, what is the depreciation expense for 2021?

$6,600

9800

8200

1600

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