Equipment with a cost of $662000 has an estimated salvage value of $50000 and an estimated life of 4 years or 13600 hours. It is to be depreciated by the straight-line method. What is the amount of...

Equipment with a cost of $662000 has an estimated salvage value of $50000 and an estimated life of 4 years or 13600 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 for 3400 hours?