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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

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Depreciation by two methods
A Kubota tractor acquired on January 8 at a cost of $207,000 has an estimated useful life of 10 years. Assuming that it will have no residual value.
a. Determine the depreciation for each of the first 2 years by the straight-line method.
b. Determine the depreciation for each of the first 2 years by the double-declining-balance method. Do not round the double-declining 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 straight-line methodprove provides for a declining periodic expense over the
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