Solved: What is the amount of depreciation for the first full year, Accounting Basics

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What is the amount of depreciation for the first full year

Question - Equipment with a cost of $562600 has an estimated salvage value of $25000 and an estimated life of 4 years or 12800 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 3200 hours?

$140650.

$145650.

$134400.

$146900.

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Accounting Basics: What is the amount of depreciation for the first full year

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