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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 63
Depreciation by units-of-output method
A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating life of 36,000 hours. During February, the tractor was operated 156 hours. Determine the depreciation for the month.
A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating life of 36,000 hours. During February, the tractor was operated 156 hours. Determine the depreciation for the month.
Explanation
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Depreciation is the periodic allocation ...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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