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Question 10 On October 1, 2022. Manning Company places a new asset into service. The cost of the asset is $120000 with an estimated 5-year

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Question 10 On October 1, 2022. Manning Company places a new asset into service. The cost of the asset is $120000 with an estimated 5-year life and $30000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Manning Company uses the straight-line method of depreciation? Please show your work

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