Question 12 of 20 View Policies Current Attempt in Progress -/5 Equipment with a cost of $413000 has an estimated salvage value of $29000 and an estimated life of 4 years or 24000 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 3500 hours? $56000 O $129800 $96000 $116000 Save for Later Attempts: 0 of 1 used Submit Answer