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A diesel-powered tractor with a cost of $99,800 and estimated residual value of $3,500 is...

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Accounting

A diesel-powered tractor with a cost of $99,800 and estimated residual value of $3,500 is expected to have a useful operating life of 45,000 hours. During February, the tractor was operated 300 hours.

Determine the depreciation for the month. If required, carry out any division to two decimal places.

$

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