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Depreciation by two methods A Kubota tractor acquired on January 8 at a cost of $ 2 0 7 , 0 0 0 has an
Depreciation by two methods
A Kubota tractor acquired on January at a cost of $ has an estimated useful life of years. Assuming that it will have no residual value.
a Determine the depreciation for each of the first years by the straightline method.
b Determine the depreciation for each of the first years by the doubledecliningbalance method. Do not round the doubledeclining balance rate. If required, round your final answers to the nearest dollar.
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Asset cost minus residual value equals depreciable cost. The straightline methodprove provides for a declining periodic expense over the
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