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Equipment with a cost of $160,000 and an estimated life of 4 years or 12,000 hours is to be depreciated by the units of production
Equipment with a cost of $160,000 and an estimated life of 4 years or 12,000 hours is to be depreciated by the units of production method. What is the amount of depreciation expense for the first full year, during which the equipment was used for 3,300 hours?
a.
$42,500
b.
$44,000
c.
$40,000
d.
$37,500
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