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A B C 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: 4 Estimated Residual: SS

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

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