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On November 1, 2021, Wildhorse Co. places a new asset into service. The cost of the asset is $72000 with an estimated 5-year life and

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On November 1, 2021, Wildhorse Co. places a new asset into service. The cost of the asset is $72000 with an estimated 5-year life and $8000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Wildhorse Co.uses the straight- line method of depreciation? O $7200. O $2133. O $3200. O $12800

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