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A tractor costs $24,800, has an expected life of 12 years, and has salvage value of $2,600. Use straight-line depreciation to find the yearly depreciation.
A tractor costs $24,800, has an expected life of 12 years, and has salvage value of $2,600. Use straight-line depreciation to find the yearly depreciation. Make a depreciation schedule for the first three years' depreciation.
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