Question: On November 1 , 2 0 2 1 , Wildhorse Co . places a new asset into service. The cost of the asset is $

On November 1,2021, Wildhorse Co. places a new asset into service. The cost of the asset is $87000 with an estimated 5-year life and $9000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Wildhorse Co. uses the straight-line method of depreciation?

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