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Aggie, inc. purchased a truck at a cost of $12,000. the truck has an estimate salvage value of $2,000 and

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Aggie, inc. purchased a truck at a cost of $12,000. the truck has an estimate salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012. If Aggie uses the units-of-activity method. what is the depreciation rate per hour for the equipment?

a. $1.00

b. $1.10

c. $.10

d. $.12

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Answer rating: 100% (QA)

c 10 Depreciation rate p View the full answer


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Related Book For  answer-question
Accounting Principles

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: August 29, 2018 08:17:48
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