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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 $142,071.00 has an estimated residual value of $8,792.00 and an estimated life of 5 years or 14,231 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 3,650 hours?

Reference no: EM133178398

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