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What is the amount of depreciation for the first full year

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Reference no: EM132812569

Problem 1: Equipment with a cost of $143,608 has an estimated residual value of $7,472 and an estimated life of 3 years or 12,232 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 3,836 hours?

Reference no: EM132812569

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