A tractor acquired at a cost of $315,000 has an estimated residual value of $27,000, has an
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A tractor acquired at a cost of $315,000 has an estimated residual value of $27,000, has an estimated useful life of 90,000 hours, and was operated 3,700 hours during the year. Determine
(a) The depreciable cost,
(b) The depreciation rate, and
(c) The units-of-production depreciation for the year.
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