A diesel-powered tractor with a cost of $114,040 and estimated residual value of $6,000 is expected to have a useful operating life of 74,000 hours. During April, the tractor was operated 100 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.
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A diesel-powered tractor with a cost of $114,040 and estimated residual value of $6,000 is expected...
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