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On October 1, 2017, Crane Company places a new asset into service. The cost of the asset is $103500 with an estimated 5-year life and

On October 1, 2017, Crane Company places a new asset into service. The cost of the asset is $103500 with an estimated 5-year life and $22500 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Crane Company uses the straight-line method of depreciation?

$20700.

$5175.

$4050.

$10350.

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