A diesel-powered tractor with a cost of $145,000 and estimated residual value of $7,000 is expected to

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A diesel-powered tractor with a cost of $145,000 and estimated residual value of $7,000 is expected to have a useful operating life of 75,000 hours. During July, the generator was operated 150 hours. Determine the depreciation for the month.

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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