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On October 1 , 2 0 2 1 , Waterway Company places a new asset into service. The cost of the asset is $ 1

On October 1,2021, Waterway Company places a new asset into service. The cost of the asset is $122000 with an estimated 5-year life and $27000 salvage value at the end of its useful life. What is the depreciation expense for 2021 if Waterway Company uses the straight-line method of depreciation?
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