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CH C 1 TULOT 2 THI C 3 TUDIOS TULOS DE Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal

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CH C 1 TULOT 2 THI C 3 TUDIOS TULOS DE Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $100,800 has an estimated residual value of $6,000 and an estimated useful life of 10 years. a. Determine the amount of annual depreciation by the straight-line method TUO 05 TULAD T. DE 08 01 ALGO & BEZALOO 2. DESALOO 10: SE OBALOO b. Determine the amount of depreciation for the first and second years computed by the double-declining- balance method. Do not round the double-declining balance rate. If required, round your answers to the nearest dollar Depreciation T1 BEDIO ALGO 12. EXOTOALDO 13. EXOD. 12 AGO TE EXO ITALCO Tara 15 EX20 ALCO

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