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Assuming that it will have no residual value

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1. A Kubota tractor acquired on January 9 at a cost of $75,000 has an estimated useful life of 20 years. Assuming that it will have no residual value, determine the depreciation for each of the first two years

(a) By the straight-line method and 

(b) By the double declining-balance method.

Reference no: EM131128053

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Assuming that it will have no residual value : A Kubota tractor acquired on January 9 at a cost of $75,000 has an estimated useful life of 20 years.
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