On april 1st, 2017, craft company places a new asset into service. the cost of the asset is $80,000 with an estimated 5-year life and $20,000 salvage value at the end of its useful life. what is the depreciation expense for 2017 if craft company uses the straight-line method of depreciation and reports on calendar year basis?
a.$6,000
b.$3,000
c.$12,000
d.$9,000
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