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Question 4: mmmandm Kaift Farm purchased a used tractor for TL 37.500 on April 1, 20X7. Since the tires were worn, Kaift bought new

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Question 4: mmmandm Kaift Farm purchased a used tractor for TL 37.500 on April 1, 20X7. Since the tires were worn, Kaift bought new tires that cost TL 2.300. Furthermore, the overhaul of the engine cost TL 4.400. On the first day they filled up the fuel tank for TL 95. The tractor is expected to last for 4 more years, and to have a salvage value of TL 3.900. Determine the cost of the tractor and calculate the first year's depreciation expense under the straight-line method.

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