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Units-of-Activity Depreciation A tractor acquired at a cost of $678,000 has an estimated residual value of $48,000, has an estimated useful life of 45,000

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Units-of-Activity Depreciation A tractor acquired at a cost of $678,000 has an estimated residual value of $48,000, has an estimated useful life of 45,000 hours, and was operated 3,330 hours during the year. Determine the following. a. The depreciable cost b. The depreciation rate c. The units-of-activity depreciation for the year $ per hour

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