Assume that a new tractor was purchased on January 1st for $124,000 and given a salvage value of $20,000 and a useful life of eight years. Please answer the below questions and show all work. *Note: Your instructor must grade your response al er you submit your Exam. It will read as a '0' until your instructor manually grades your answer. a. What is the Price? Salvage value? Useful Life? Expected "R" value when considering double- declining balance depreciation? b. What is the expected annual yearly depreciation for the tractor using a straight-line depreciation method? How many years will it take for the tractor to fully depreciate and reach its salvage value? c. What is the expected annual yearly depreciation for the tractor using a double-declining balance depreciation method? How many years will it take for the tractor fully depreciate and reach its salvage value? d. Compare the results you received for the tractor under the two depreciation methods. What method provided the fastest depreciation? As an Agribusiness professional, which method would you prefer to use for your business? Discuss.