Equipment with a cost of $141,079 has an estimated residual value of $8,063 and an...
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Accounting
Equipment with a cost of $141,079 has an estimated residual value of $8,063 and an estimated life of 7 years or 13,035 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 3,960 hours?
a. $19,002.29
b. $7.00
c. $33.59
d. $40,409.92
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