On October $1,2022,$ Pharoah Company places a new asset into service. The cost of the asset is $$104000$ with an estimated $5-$year life and $$23000$ salvage value at the end of its useful life. What is the depreciation expense for $2022$ if Pharoah Company uses thas straight$-$line method of depreciation?

$$4050.$

$$5200.$

$$20800.$

$$10400.$

$$4050.$Save for LaterAttempts: $0$ of $1$ used