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Suppose the following net cash flows are recorded for the preceding year: Operating activities Investment activities Nonfarm Income Family living activities Financing Activities $120,500 ($65,000)

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Suppose the following net cash flows are recorded for the preceding year: Operating activities Investment activities Nonfarm Income Family living activities Financing Activities $120,500 ($65,000) $12,800 (36,600) $12,800 Determine the end of the year balance, if the beginning balance were $58,800 a. Best Choice Produce has purchased a tractor for 95,000. Assume a 10 year useful life and a salvage value of $25,000. Calculate the depreciation for each year of the useful life using Double declining balance method b. Sum-of-years-digits method C. Straight-line method

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