Phosphoric Company reported capital assets, net of accumulated depreciation, on January 1,2020 , at $650000 and $510000 on December 31, 2020. Phosphoric sold a capital asset for $10000 at a gain of $8000. Phosphoric Company acquired $380000 of capital assets during the year. What is depreciation expense for 2020 ? Round your interim calculations and final answer to 2 decimal places. Do not include any dollar signs, percentage \% signs, commas, and/or spaces in your answer. Your answer should only include numbers. For negative numbers, use a negative sign before the number e.g. 1021.57 Do not use brackets for negative numbers and do not leave a space between the negative sign and the number. Answer: 969000(518000) View question 43 feedback