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Question - A tractor acquired on January 9 at a cost of $216,000 has an estimated useful life of six years. Assume that it will have no residual value.
a. Determine the depreciation for each of the first two years by the straight-line method.
b. 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.
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Refer to the Jones Manufacturing information below. Calculate the total required production of water fountains for the first quarter of 2009
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