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Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $105,220 and estimated residual...

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Accounting

Depreciation by Units-of-activity Method

A diesel-powered tractor with a cost of $105,220 and estimated residual value of $3,700 is expected to have a useful operating life of 47,000 hours. During February, the tractor was operated 100 hours.

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

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