A diesel-powered generator with a cost of ($475,000) and estimated residual value of ($25,000) is expected to

Question:

A diesel-powered generator with a cost of $$475,000$ and estimated residual value of $$25,000$ is expected to have a useful operating life of 60,000 hours. During July, the generator was operated 7,300 hours. Determine the depreciation for the month.

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