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Question
equipment with a cost of $150,000 has an estimated salvage value of $10,000 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?
a.$37,500
b.$35,000
c.$37,800
d.$36,250
Answer
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