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Equipment with a cost of $153,834 has an estimated residual value of $7574 and an estimated life of 6 years per 13,123 hours. It is

Equipment with a cost of $153,834 has an estimated residual value of $7574 and an estimated life of 6 years per 13,123 hours. It is depreciated by the straight-line method. What is the amount of depreciation of the first full year, during which the equipment was used for 3,248 hours?

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