A diesel-powered generator with a cost of $145,000 and estimated residual value of $7,000 is expected to have a useful operating life of 75,000 hours. During July, the generator was operated 150 hours. Determine the depreciation for the month.
145,000 - 7000 132,000 / 75000 1.76 per hour July 150 hours x 1.76 per hour rate $264 Keep in mind I rounded the $1.76 but if you follow this procedure it will get you where you want to be. I hope this helps and wish you all the best. good luck
