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A Kubota tractor acquired on January 8 at a cost of $297,000 has an estimated useful life of 10 years, Assuming that it will have
A Kubota tractor acquired on January 8 at a cost of $297,000 has an estimated useful life of 10 years, Assuming that it will have no residual value a. Determine the depreciation for each of the first two years by the straight-line method. b. Determine the depreciation for each of the first two years by the double-declining-balance method, Do not round the doubin declining balancer rate. If required tound your final answers to the nearest dollar. Depreciation by two methods A storoge tank acquired at the beginning of the fiscal year at a cost of $90,000 has an estimated residual value of $5,000 and an estimated useful ilfe of 10 years a. Determine the amount of annual depreciation by the straight-line method, b. Determine the amount of depreciation for the first and second years computed by the double-declining balance method. Do not round the double decilinif balance rate. If required, round your answers to the nearest dollar
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