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Equipment with a cost of $140,377.00 has an estimated residual value of $8,426.00 and an...

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Accounting

Equipment with a cost of $140,377.00 has an estimated residual value of $8,426.00 and an estimated life of 5 years or 13,745 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 3,984 hours?

Select the correct answer.

$26,390.20

$5.00

$33.12

$38,246.11

Answer & Explanation Solved by verified expert
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