Thursday, August 11, 2011

A diesel-powered tractor with a cost of $145,000 and estimated residual value of $7,000?

A diesel-powered tractor with a cost of $145,000 and estimated residual value of $7,000 is expected to have a useful operating life of 75,000 hours. During July, the tractor was operated 150 hours. Determine the depreciation for the month.

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