76. Depreciation of Equipment Refer to Exercise 75. A tractor purchased at a cost of $60,000 is to be depreciated by the double declining-balance method
76. Depreciation of Equipment Refer to Exercise 75. A tractor purchased at a cost of $60,000 is to be depreciated by the double declining-balance method over 10 years. a. What is the book value of the tractor at the end of 2 years? b. What is the relative rate of change of the book value of the tractor at the end of 2 years
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