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On November 1 , 2 0 2 4 , Sandhill Marine places a new asset into service. The cost of the asset is $ 7

On November 1,2024, Sandhill Marine places a new asset into service. The cost of the asset is $78000 with an estimated 5-year life and $12000 salvage value at the end of its useful life. What is the depreciation expense for 2025 if Sandhill Marine uses the straightline method of depreciation?
$3300.
$7800.
$13200.
$2200.
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