Equipment with a cost of $300,000 has an estimated salvage value of $20,000 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)$75,000.
B)$70,000.
C)$75,600.
D)$72,500.

Question

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The Answer of Equipment with a cost of $300,000 has an estimated salvage value of $20,000 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)$75,000.
B)$70,000.
C)$75,600.
D)$72,500.

Equipment with a Cost of $300,000 Has an Estimated Salvage