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On October 1, 2017, Carla Vista Co. places a new asset into service. The cost of the asset is $99500 with an estimated 5-year life

On October 1, 2017, Carla Vista Co. places a new asset into service. The cost of the asset is $99500 with an estimated 5-year life and $21500 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Carla Vista Co. uses the straight-line method of depreciation?

$9950. $3900. $19900. $4975.

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