Determine the depreciation

Reference no: EM13155216

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: EM13155216

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