89. The interest charged on a $90,000 note payable, at the rate of 6%, on a 90-day note would be a $5,400. b. $2,700. c. $1,350. d. $900. TO 94. Equipment with a cost of $300,000 has an estimated salvage value of $20,000 and an estimated life of 4 years or 10,000 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 2,700 hours? a $75,000 -b. $70,000. C. $75,600 d. $72,500 2 80,000 300,000 -20,000 H=79000