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What is the depreciation expense

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Question - On October 1, 2021, Holt company places a new asset into service. The cost of the asset is %120000with an estimated 5 year life and $30000 salvage value at the end of its useful life. What is the depreciation expense for 2021 if Holt company uses the straight line method of depreciation.

Reference no: EM132541240

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