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A diesel-powered generator with a cost of $345,000 and an estimated residual value of $18,000 is expected to have a useful operating life of 75,000

A diesel-powered generator with a cost of $345,000 and an estimated residual value of $18,000 is expected to have a useful operating life of 75,000 hours. During July, the generator was operated for 1,250 hours.

Determine the depreciation for the month using the unit-of-production method.

Do not copy from Chegg and give a complete answer with an explanation

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