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Equipment with a cost of $146,389 has an estimated residual value of $8,822 and an estimated life of 6 years or 15,627 hours. It is

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Equipment with a cost of $146,389 has an estimated residual value of $8,822 and an estimated life of 6 years or 15,627 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 3,398 hours? Oa. $40.48 b. $6.00 Oc. $22,927.83 d. $29,913.14

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