Question
A diesel-powered tractor with a cost of $337,980 and estimated residual value of $3,900 is expected to have a useful operating life of 87,000 hours.
A diesel-powered tractor with a cost of $337,980 and estimated residual value of $3,900 is expected to have a useful operating life of 87,000 hours. During November, the tractor was operated 300 hours.
Determine the depreciation for the month. Carry out any division to two decimal places.
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Financial Accounting Reporting And Analysis
Authors: Jennifer Maynard
2nd Edition
0198745311, 9780198745310
