Question: Depreciation by units-of-activity method A diesel-powered tractor with a cost of $393,400 and an estimated residual value of $5,400 is expected to have a useful

Depreciation by units-of-activity method A diesel-powered tractor with a cost of $393,400 and an estimated residual value of $5,400 is expected to have a useful operating life of 97,000 hours. During April, the tractor was operated 300 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Ex 10-7 lull computed by the straight-line method e useial he of 12 years. What is t EX 10-7 Depreciation by units-of-activity method A diesel-powered tractor with a cost OBJ. 2 of $90,000 and...

Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $120,000 and an estimated residual value of $16,400 is expected to have a useful operating life of 28,000 hours....

need help plz with accounting for these questions Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $190,060 and an estimated residual value of $3,400 is expected to...

eBook Show Me How Depreciation by units-of-activity method A diesel-powered tractor with a cost of $115,000 and an estimated residual value of $10,000 is expected to have a useful operating life of...

NEED HELP ASAP, NEED IN 15 MINS Depreciation by units-of-activity method A diesel-powered tractor with a cost of $281,440 and an estimated residual value of $5,500 is expected to have a useful...

fiance help asap EX 9-7 Depreciation by units-of-activity method A diesel-powered tractor with a cost of $120,000 and an estimated residual value of $16,400 is expected to have a useful operating...

eBook Show Me How Depreciation by units-of-activity method A diesel-powered tractor with a cost of $159,340 and an estimated residual value of $4,900 is expected to have a useful operating life of...

Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $171,900 and an estimated residual value of $8,100 is expected to have a useful operating life of 91,000 hours. During...

Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $208,780 and an estimated residual value of $8,100 is expected to have a useful operating life of 58,000 hours. During...

To measure the association between the number of employees and the number of items produced on a small assembly line, a company recorded the number of employees each day (from 5 to 10) and the number...

The table below contains the amount of money owed by four students upon graduation: a biology major from each of two universities, and an English major from each of the same two universities. Use...

'Specialisation in international trade always benefits nations.' Discuss this statement.

With the BCG Matrix, growth strategies are divided into 4 quadrants True False

(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: CREDIT SALES METHOD. Bradford ~Plumbing had the following data for a recent year. LO8 REQUIRED: 1. Compute uncollectible account expense for the year. 2....

(Appendices) EFFECTS OF SALES DISCOUNTS. Castore Security Systems makes all sales on credit, with terms 2/10, n/30. During 19x9, the list price (prediscount) of goods sold was $720,000. Customers...

(Appendices) SALES RECORDED GROSS. Nevada Company sold merchandise with a list price of $12,500 to Small Enterprises on terms 3/15, n/30. Nevada records sales net of discount. LO2 REQUIRED: 1....