Solved: A refrigerator used by a meat processor has a cost of 26790, Accounting Basics

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A refrigerator used by a meat processor has a cost of 26790

Question - Depreciation by Units-of-Output Method

A diesel-powered tractor with a cost of $221,580 and estimated residual value of $4,300 is expected to have a useful operating life of 97,000 hours. During February, the tractor was operated 200 hours.

Determine the depreciation for the month. If required, carry out any division to two decimal places.

Question - Straight-Line Depreciation

A refrigerator used by a meat processor has a cost of $26,790, an estimated residual value of $2,870, and an estimated useful life of 8 years.

What is the amount of the annual depreciation computed by the straight-line method?

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Accounting Basics: A refrigerator used by a meat processor has a cost of 26790

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Accounting Basics: A refrigerator used by a meat processor has a cost of 26790

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