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Montes Coffee Company purchased packaging equipment on Jan 2 2017 for 90,000. The equipment was expected to have useful life of five years, or 20,000...

Montes Coffee Company purchased packaging equipment on Jan 2 2017 for 90,000. The equipment was expected to have useful life of five years, or 20,000 operating hours, and a residual value of 6,000. The equipment was used for 4,000 hours in 2017.

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