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Units-of-Output depreciation Equipment acquired at a cost of $205,000 has an estimated residual value of $13,000, has an estimated useful life of 64,000 hours, and
Units-of-Output depreciation
Equipment acquired at a cost of $205,000 has an estimated residual value of $13,000, has an estimated useful life of 64,000 hours, and was operated 5,100 hours during the year. Determine the following. If required, round Depreciation rate 2 decimal places.
(a) The depreciable cost $_______
(b) The depreciation rate $_______ per hour
(c) The Units-of-Production Depreciation for the year $__________
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