On October 1, 2020, Quartet Company places a new asset into service. The cost of the asset is $72,500 with an estimated 4-year life and $12.500 salvage value at the end of its useful life. What is the deprecation expense for 2020 the company uses the straight-line method of depreciation? a $18,125 b. $30,000 $12,500 d. $15,000