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A storage tank acquired at the beginning of the fiscal year at the cost of $86,000 has an estimated residual value of $10,000 and an

A storage tank acquired at the beginning of the fiscal year at the cost of $86,000 has an estimated residual value of $10,000 and an estimated useful life of eight years. determine the following: a. the amount of the annual depreciation by the straight -line method and b. the amount of deprecation for the first and second year computed by the double declining balance method. Please help

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