Equipment with a cost of $285000 has an estimated salvage value of $25000 and an estimated life of 4 years or 10000 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 3000 hours? $78000. $71250. $65000. $68750.

Equipment with a cost of $285000 has an estimated salvage value of $25000 and an estimated life of 4 years or 10000 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 3000 hours? $78000 $71250 $65000 $68750