Question - Equipment with a cost of $1712000 has an estimated salvage value of $32000 and an estimated life of 4 years or 42000 hours. It is to be depreciated using the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 8700 hours?
$348000.
$420000.
$428000.
$386629.