On October1,2015,Holt Company places a new asset into service.The cost of the
asset is$80,000with anestimated5-year life and$20,000salvage value at the end of
its useful life.
What is the depreciation expensefor2015if Holt Company uses the straight-line method
of depreciation?
a.$2,000
b.$12,000
c.$3,000
d.$4,000
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