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Determine the units-of-production depreciation for the year

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Reference no: EM132682028

Problem - Units-of-production depreciation

A tractor acquired at a cost of $315,000 has an estimated residual value of $27,000, has an estimated useful life of 90,000 hours, and was operated 3,700 hours during the year.

(a) Determine the depreciable cost.

(b) Determine the depreciation rate.

(c) Determine the units-of-production depreciation for the year.

Reference no: EM132682028

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