Question: A company has a fixed asset with a book value of $50,000 and an estimated salvage value of $5,000. The company expects to use the

A company has a fixed asset with a book value of $50,000 and an estimated salvage value of $5,000. The company expects to use the fixed asset for 5 years and has decided to use the straight-line method of depreciation. What is the amount of depreciation expense for the first year of use?

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