Question: Incorrect answer icon Your answer is incorrect. Equipment with a cost of $229000 has an estimated salvage value of $29000 and an estimated life of

Incorrect answer icon

Your answer is incorrect.

Equipment with a cost of $229000 has an estimated salvage value of $29000 and an estimated life of 4 years or 10000 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 for 5000 hours?

$54750.

$100000. Wrong answer!

$50000.

$57250

$57250.

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