XYZ Company has an Accumulated Depreciation - Asset account with a balance of $22,000 on January 1, 2004 and a balance of $30,000 on December 31, 2004. During the year, an asset with a book value of $6,000 was sold for $9,000. The original cost of the asset was $10,000 when it was purchased in 1999.
Question:
Calculate the amount of depreciation expense for the year 2004
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