Utica Machinery Company purchases an asset for $1,200,000. After the machine has been used for 25,000 hours,

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Utica Machinery Company purchases an asset for $1,200,000. After the machine has been used for 25,000 hours, the company expects to sell the asset for $150,000. What is the depreciation rate per hour based on activity?

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Question Posted: Dec 09, 2013 08:51 AM

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Utica Machinery Company purchases an asset for $1,200,000. After the machine has been used for 25,000 hours,

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Intermediate Accounting

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