Equipment with a cost of $147,273 has an estimated residual value of $8,615 and an estimated life of 5 years or 12,860 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,340 hours?

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To calculate the amount of depreciation for the first full year using the straightline method you ne... View the full answer