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A diesel-powered tractor with a cost of $255,800 and estimated residual value of $5,900 is expected to have a useful operating life of 85,000 hours.
A diesel-powered tractor with a cost of $255,800 and estimated residual value of $5,900 is expected to have a useful operating life of 85,000 hours. During February, the tractor was operated 200 hours.
Determine the depreciation for the month. If required, carry out any division to two decimal places.
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