Equipment with a cost of $156,668 has an estimated residual value of $8,790 and an estimated life of 4 years or 15,613 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 3,314 hours? a. $36,969.50 b. $44.62 c. $4.00 d. $31,388.44

Equipment with a cost of $156,668 has an estimated residual value of $8,790 and an estimated life of 4 years or 15,613 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 3,314 hours? a. $36,969.50 b. $44.62 c. $4.00 d. $31,388.44

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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