Amount of Depreciation
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Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and is estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight line method.
What is the amount of depreciation for the full year, during which the equipment was used 3,300 hours? _____________________
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Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and is estimated ...
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