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Question Content Area Equipment with a cost of $160,701 has an estimated residual value...

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Accounting

Question Content Area
Equipment with a cost of $160,701 has an estimated residual value of $8,658 and an estimated life of 5 years or 13,783 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 3,037 hours?
a. $5.00
b. $33,501.75
c. $50.06
d. $30,408.60

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