Homework Answers
Depreciation rate per hour = (494,000-19,000)/19,000 = 25
Depreciation for
Year 1 = 4,000*25 = 100,000
Year 2 = 6,000*25 = 150,000
Year 3 = 6,000*25 = 150,00
Book value = 494,000 - (100,000+150,000+150,000)
= 94,000
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