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On January 3 , 2 0 2 2 Dino Nuggets Inc bought a tractor for $ 1 2 3 , 0 0 0 . The

On January 3,2022 Dino Nuggets Inc bought a tractor for $123,000. The tractor has an $13,000 salvage value and 10 year expected useful life.
Dino expects tractor will last 40,000 hours units over its life. During years 1 and 2, the tractor was used 4,200 and 3,530 hours respectively.
For each year, calculate the machine's 2022 and 2023 depreciation for each method indicated.
Show your work to the right of each answer. Round to the nearest whole dollar.
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