%24Depreciation by Units-of-activity MethodA diesel-powered tractor with a cost of $109,320 and an estimated residual value of $3,300 is expected tohave a useful operating life of 57,000 hours. During April, the tractor was operated 200 hours.Determine the depreciation for the month. If required, carry out any division to two decimal places.PreviousNextCheck My WorkSave and ExitSubmit Assignment for Gra

Depreciation = (Cost - Residual Value) x Hours used / Useful Life Hours Cost = $109320 Residual…

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Determine the depreciation for the month. If required, carry out any division to two decimal places. $4 %24

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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%24
Depreciation by Units-of-activity Method
A diesel-powered tractor with a cost of $109,320 and an estimated residual value of $3,300 is expected to
have a useful operating life of 57,000 hours. During April, the tractor was operated 200 hours.
Determine the depreciation for the month. If required, carry out any division to two decimal places.
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