BTL Company purchased a tractor at a cost of $90,000. The tractor has an estimated...
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BTL Company purchased a tractor at a cost of $90,000. The tractor has an estimated salvage value of $10,000 and an estimated life of 8 years, or 12,000 hours of operation. The tractor was purchased on January 1, Year 1 and was used 2,400 hours in Year 1 and 2,200 hours in Year 2. What amount will BTL Company report as depreciation expense over the 8-year life of the equipment using straight-line depreciation?
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