(Answered) On january 1 2010 cuny corporation acquired equipment for

Accounting

On January 1, 2010, CUNY Corporation acquired equipment for $260,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $20,000. If CUNY Corporation uses the units-of-production method of depreciation, what will be Depreciation Expense for the year ended December 31, 2011, assuming that during this period the asset was used for 8,250 hours?

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