Equipment with a cost of $164,291 has an estimated residual value of $7,985 and an...
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Accounting
Equipment with a cost of $164,291 has an estimated residual value of $7,985 and an estimated life of 3 years or 12,840 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 3,895 hours?
A. $3.00
B. $52,102.00
C. $40.13
D. $47,415.25
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