- A team with a cost of $ 220,000 has an estimated residual value of $ 30,000 and an estimated life of 10 years or 19,000 hours. It depreciates by the straight line method. What is the amount of depreciation for the first year, during which the equipment was used 2,100 hours?

$ 21,000

$ 22,000

$ 19,000

$ 30,000