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Depreciation by Units-of-Output Method A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating

Depreciation by Units-of-Output Method

A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating life of 36,000 hours. During February, the tractor was operated 156 hours.

Determine the depreciation for the month. Carry out any division to two decimal places. $ ?????

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