Equipment with a cost of $640,000 has an estimated salvage value of $60,000 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 for 3,000 hours?

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The Answer of Equipment with a cost of $640,000 has an estimated salvage value of $60,000 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 for 3,000 hours?

Equipment with a Cost of $640,000 Has an Estimated Salvage