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Question
equipment with a cost of $256,000 has an estimated salvage value of $24,000 and an estimated life of 4 years or 12,000 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 3,300 hours?
a.$64,000
b.$70,000
c.$66,000
d.$58,000
Answer
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