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

Multiple Choice

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) $19,000
B) $21,000
C) $22,000
D) $30,000