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On October 1, 2017, Sunland Company places a new asset into service. The cost of the asset is $125500 with an estimated 5-year life and

On October 1, 2017, Sunland Company places a new asset into service. The cost of the asset is $125500 with an estimated 5-year life and $23500 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Sunland Company uses the straight-line method of depreciation?

a. $6275.

b. $5100.

c. $25100.

d. $12550.

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