A delivered price (including attachments) of a crawler dozer tractor is $144,000 with a residual value of
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Question:
A delivered price (including attachments) of a crawler dozer tractor is $144,000 with a residual value of 35%. The useful life of the tractor is 8,000 hours
. a. What is total amount of depreciation allowed?
b. What is the amount of depreciation per hour? (Round your answer to the nearest cent.)
c. If the tractor is operated five days a week for an average of 7 hours a day, what would be the depreciation for the first year?
d. If the hours of operation were the same each year, what would be the total number of years of useful life for the tractor? (Round "years" to the nearest whole number.)
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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