A tractor acquired at a cost of 275 000 has an
A tractor acquired at a cost of $275,000 has an estimated residual value of $39,000, has an estimated useful life of 40,000 hours, and was operated 2,660 hours during the year.
Determine
(a) The depreciable cost,
(b) The depreciation rate,
(c) The units-of-output depreciation for the year.

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