contestada

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.

Respuesta :

Answer:

the depreciation for the month is $146

Explanation:

The computation of the depreciation expense per month is as follows:

= (Cost - residual value) ÷ operating life × number of hours operated

= ($114,040 - $6,000) ÷ 74,000 hours × 100 hours

= $146

Hence, the depreciation for the month is $146

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Otras preguntas