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 which the equipment was used 2,100 hours?
A)$21,000
B)$30,000
C)$22,000
D)$19,000

Question

Quizplus · Accepted Answer

The Answer of 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 which the equipment was used 2,100 hours?
A)$21,000
B)$30,000
C)$22,000
D)$19,000

Equipment with a Cost of $220,000 Has an Estimated Residual