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Perdue company purchased equipment on April 1 for 44500. The equipment was expected to have a useful life of 3 years, or 4320 operating hours,

Perdue company purchased equipment on April 1 for 44500. The equipment was expected to have a useful life of 3 years, or 4320 operating hours, and a residual value of 1350. The equipment was used for 800 hours during year 1, 1500 hours for year 2, 1300 hours for year 3, and 720 hours for year 4.

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