7. A Kubota tractor acquired on January 8 at a cost of $72,000 has an estimated useful life of ten years. Assuming that it will have no residual value. Determine the depreciation for each of the first two years by the straight-line method First Year Second b. Determine the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your final answer to the nearest dollar Second Year First Year