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A diesel-powered tractor with a cost of $90,000 and estimated residual value of $15,000 is...

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Accounting

A diesel-powered tractor with a cost of $90,000 and estimated residual value of $15,000 is expected to have a useful operating life of 30,000 hours. During April, the tractor was operated 120 hours. Determine the depreciation for the month. Carry out any division to two decimal places.

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