question 1:

Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $155,080 and estimated residual value of $5,600 is expected to have a useful operating life of 74,000 hours. During February, the tractor was operated 200 hours.

a. Determine the depreciation for the month. If required, carry out any division to two decimal places. $ fill in the blank 1

A Kubota tractor acquired on January 9 at a cost of $261,000 has an estimated useful life of ten years. Assuming that it will have no residual value.

b. Determine the depreciation for each of the first two years by the straight-line method.

First Year	Second Year
$fill in the blank 1	$fill in the blank 2

c. Determine the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your final answer to the nearest dollar.

first year: Second Year:

Equipment acquired at a cost of $56,000 has an estimated residual value of $3,000 and an estimated useful life of 10 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31.

If necessary, round your answers to the nearest cent.

d Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method.

	Depreciation
Year 1	$fill in the blank 1
Year 2	$fill in the blank 2

e. . Determine the depreciation for the current fiscal year and the following fiscal year by the double-declining-balance method.

	Depreciation
Year 1	$fill in the blank 3
Year 2	$fill in the blank 4

A building with a cost of $1,080,000 has an estimated residual value of $216,000, has an estimated useful life of 36 years, and is depreciated by the straight-line method. f. What is the amount of the annual depreciation? $fill in the blank 1 g.. What is the book value at the end of the twentieth year of use? $fill in the blank 2 c. If at the start of the twenty-first year it is estimated that the remaining life is 20 years and that the residual value is $40,000, what is the depreciation expense for each of the remaining 20 years? $fill in the blank 3