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Equipment with a cost of $500,000 has an estimated salvage value of $20,000 and an estimated life of 4 years or 20,000 hours. It is

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Equipment with a cost of $500,000 has an estimated salvage value of $20,000 and an estimated life of 4 years or 20,000 hours. It is to be depreciated by straight line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,500 hours? none of them 84,000 87,500 115000

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