# Equipment with a cost of $164,572.00 has an estimated residual value of$8,319.00 and an estimated...

###### Question:

Equipment with a cost of $164,572.00 has an estimated residual value of$8,319.00 and an estimated life of 6 years or 14,652 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 3,423 hours?

$45.65$26,042.17

$6.00$36,503.82

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