Solve the Problem. Round to the Nearest Dollar

Solve the problem. Round to the nearest dollar.
-A construction company purchased a piece of equipment for $1,610. The expected life is 9,000
Hours, after which it will have a salvage value of $290. Find the amount of depreciation for the first
Year if the piece of equipment was used for 1,700 hours. Use the units-of-production method of
Depreciation.

A) $255
B) $149
C) $304
D) $177

Correct Answer:

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