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Equipment with a cost of $1562000 has an estimated salvage value of $32000 and an estimated life of 4 years or 45000 hours. It is

Equipment with a cost of $1562000 has an estimated salvage value of $32000 and an estimated life of 4 years or 45000 hours. It is to be depreciated using the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 9300 hours?

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