Perdue Company purchased equipment on April 1 for $97,470. The equipment was expected to have...
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Perdue Company purchased equipment on April 1 for $97,470. The equipment was expected to have a useful life of three years, or 7,560 operating hours, and a residual value of $2,970. The equipment was used for 1,400 hours during Year 1, 2,600 hours in Year 2, 2,300 hours in Year 3, and 1,260 hours in Year 4.
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