STANDARD VIEW PRINTER VERsion CALCULATOR Multiple Choice Question 105 On November 1, 2016, Pharoah Company places a new asset into service. The cost of the asset is $90500 with an estimated 10-year life and $8500 salvage value at the end of its useful life. What is the deprecilation expense for 2017 if Pharoah Company uses the straight- line method of depreciation? $4525 $8200. $2050. $1367 Open Show Work Click if you would like to Show Work for this question: Question Attempts: O of 1 used