Solve the depreciation expense for the years

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Question 1: A plant asset acquired on October 1, 2016, at a cost of $400,000 has an estimated useful life of 10 years. The salvage value is estimated to be $40,000 at the end of the asset's useful life. Assuming a December 31st year end, calculate the depreciation expense for the years 2016 and 2017 using straight line.

Reference no: EM132505261

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