Question
A diesel-powered tractor with a cost of $99,800 and estimated residual value of $3,500 is expected to have a useful operating life of 45,000 hours.
A diesel-powered tractor with a cost of $99,800 and estimated residual value of $3,500 is expected to have a useful operating life of 45,000 hours. During February, 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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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
