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asap IT Company purchased a tractor at a cost of $90,000. The tractor has an estimated selvape value of $10,000 and an estimated Ite of
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IT Company purchased a tractor at a cost of $90,000. The tractor has an estimated selvape value of $10,000 and an estimated Ite of years, of 12.000 hours of operation The rate was purchased on January 1, 2019 and was used 2,400 hours in 2019 and 2.200 hours in 2020. What amount will be company report as depreciation expense over the year ide of the equipment using straight line depreciation Select one: a. 512,500 b. $80,000 c. 520,000 d. $90,000 Step by Step Solution
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