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Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $100,000 has an estimated residus aut

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Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $100,000 has an estimated residus aut of $5,000 and an estimated useful te of 4 years .. Determine the amount of annual depreciation by the straight-ine method 23,700 b. Determine the amount of depreciation for the first and second years computed by the double declineis-balance method. Do not round the double-seclining balance rate. If required, round your answers to the nearest dollar Depreciation Year 1 Year 2

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