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Please help me learn how to solve question three and four. Equipment with a cost of $220,000 has an estimated residual value of $30,000 and

Please help me learn how to solve question three and four.

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Equipment with a cost of $220,000 has an estimated residual value of $30,000 and an estimated life of 10 years or 19,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during 8 3 which the equipment was used 2,100 hours? 9 A. $21,000 B $30,000 N C. $22,000 33 D $19,000 34 35 36 The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will be recovered. The estimated residual value of the property is 37 4. $150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is 38 39 A. $16,000 40 B $15,000 41 C $26,000 42 D $17,500 43 44

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