A diesel-powered tractor with a cost of $203,650 and an estimated residual value of $5,200 is expected to have a useful operating life of 76,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month.

A diesel-powered tractor with a cost of $203,650 and an estimated residual value of $5,200 is expected to have a useful operating life of 76,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month.

Name: A diesel-powered tractor with a cost of $203,650 and an estimatedresi
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Description: A diesel-powered tractor with a cost of $203,650 and an estimatedresidual value of $5,200 is expected to have a useful operating life of76,000 hours. During April, the tractor was operated 200 hours.Determine the depreciation for the month.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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