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Question
on october 1, 2012, mann company places a new asset into service. the cost of the asset is $60,000 with an estimated 5-year life and $15,000 salvage value at the end of its useful life. what is the depreciation expense for 2012 if mann company uses the straight-line method of depreciation?
a.$2,250
b.$12,000
c.$3,000
d.$6,000
Answer
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