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A diesel-powered tractor with a cost of $312,760 and an estimated residual value of $6,300 is expected to have a useful operating life of 77,000

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A diesel-powered tractor with a cost of $312,760 and an estimated residual value of $6,300 is expected to have a useful operating life of 77,000 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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