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On October 1,2021, Bonita Company places a new asset into service. The cost of the asset is $129000 with an estimated 5 -year life and

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On October 1,2021, Bonita Company places a new asset into service. The cost of the asset is $129000 with an estimated 5 -year life and $31000 salvage value at the end of its useful life. What is the depreciation expense for 2021 if Bonita Company uses the straightline method of depreciation? $25800 $4900 $6450 $12900

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