Answer:
$9,000
Explanation:
Under the straight-line method, the depreciation amount is a constant figure throughout the useful life of an asset.
The depreciable amount is the cost of the asset - salvage value
=$80,000 - $8000
=$72,000
The depreciation amount per year for eight gainful years will
(1/8 x 100) x 72,000
=0.125 x 72,000
=$9,000
The depreciation expense for 2021 will be $9,000
