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Equipment with a cost of $ 1 6 0 , 0 0 0 has an estimated salvage value of $ 1 5 , 0 0
Equipment with a cost of $ has an estimated salvage value of $ and an estimated life of years or hours. It is to be depreciated by the straightline method. What is the amount of depreciation for the first full year, during which the equipment was used hours?
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