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A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating life of 36,000 hours.
A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating life of 36,000 hours. During February, the tractor was operated 156 hours. Determine the depreciation for the month.
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Financial Accounting
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
14th edition
1305088433, 978-1305088436
