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On October 1, 2021, Sunland Company places a new asset into service. The cost of the asset is $131000 with an estimated 5-year life and

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On October 1, 2021, Sunland Company places a new asset into service. The cost of the asset is $131000 with an estimated 5-year life and $29000 salvage value at the end of its useful life. What is the depreciation expense for 2021 if Sunland Company uses the straightline method of depreciation? $26200$6550$13100$5100

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