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Equipment with a cost of $144,431 has an estimated residual value of $7,987 and an estimated life of 7 years or 14,449 hours. It is

Equipment with a cost of $144,431 has an estimated residual value of $7,987 and an estimated life of 7 years or 14,449 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 for 3,604 hours? a. $19,492.00 b. $34,033.09 c. $20,633.00 d. $34,070.95

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