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On October 1, 2022, Blossom Company places a new asset into service. The cost of the asset is $104000 with an estimated 5-year life and
On October 1, 2022, Blossom Company places a new asset into service. The cost of the asset is $104000 with an estimated 5-year life and $23000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Blossom Company uses the straight-line method of depreciation?
$4050.
$20800.
$5200.
$10400.
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