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1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: 4 Estimated Residual: 5 Estimated Life in

1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: 4 Estimated Residual: 5 Estimated Life in years: 6 Estimated Life in hours: 7 Actual Hours: $ 150,000 $ 10,000 4 1200 8 Year 1 9 Year 2 10 Year 3 11 Year 4 12 360 270 350 220

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