A tractor acquired on January 9 at a cost of $126,000 has an estimated useful life of six years. Assume that it will have noresidual value.

a.Determine the depreciation for each of the first two years by thestraight-line method.

First YearSecond Year$$b.Determine the depreciation for each of the first two years by thedouble-declining-balance method. Do not round the double-declining balance rate. If required, round your final answer to the nearest dollar.

First YearSecond Year$$