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A diesel-powered tractor with a cost of $158820 and an estimated residual value of $5700 is expected to have a useful operating life of 88000

A diesel-powered tractor with a cost of $158820 and an estimated residual value of $5700 is expected to have a useful operating life of 88000 hours. During April, the tractor was operated 300 hours.

Determine the depreciation for the month. If required, carry out any division to two decimal places

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