Solve the problem. Round to the nearest dollar.A construction company purchased a piece of equipment for $1780. The expected life is 8000 hours, after which it will have a salvage value of $340. Find the amount of depreciation for the first year if the piece of equipment was used for 1700 hours. Use the units-of-production method of depreciation.

A. $306
B. $221
C. $378
D. $179


Answer: A

Mathematics

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A.
B.
C.
D.

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