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What is the amount of depreciation for the first full year

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Question

Equipment with a cost of $225,000 has an estimated salvage value of $15,000 and an estimated life of 4 years or 10,000 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 2,700 hours?

The Cost of the Equipment = 225,000 and Salvage Value = 15,000

Depreciation Method = Straight Line Method

Estimated Life of the Machine = 4

Depreciation per year = (225,000 - 15,000) / 4 = 52,500

The amount of Depreciation for the full year, during which the equipment was used 2700 hours = 52,500

Reference no: EM132381745

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