#$8.$ If an asset costs $$100,000$ and has a useful life of $5$ years with a residual value of $$2,000,$ what is the annual$/$yearly depreciation expense?

#$8$a$.$ Is the asset in #$8$ is placed in service July $5$th what is the first and second year depreciation expense? $($Hint: July to end of December $=$ # months $/12$ for partial year only the first year$).$