Accounting Assignment | College Homework Help

Equipment with a cost of $1468000 has an estimated salvage value of $40000 and an estimated life of 4 years or 51000 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 10500 hours?

$294000.
$357000.
$367000.
$342235.

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