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What is equipment book value at the end of the first year

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Question - Equipment with a cost of R.O.320,000 has an estimated residual value of R.O.20,000 and an estimated life of 4 years or 15,000 hours. It is to be depreciated using the units of activity method. During the first year the equipment was used 3,300 hours; what is the equipment book value at the end of the first year?

a. R.O.249,600

b. R.O.300,000

c. R.O.254,000

d. R.O.320,000

Reference no: EM132557897

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