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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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