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Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $196,400 and estimated residual value of $4,400 is expected to have a useful operating

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Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $196,400 and estimated residual value of $4,400 is expected to have a useful operating life of 75,000 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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