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Determine the depreciation for each of the first two years

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Problem - Depreciation by two methods

A Kubota tractor acquired on January 9 at a cost of $80,000 has an estimated useful life of 25 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 (b) by the double-declining-balance method.

Reference no: EM132682132

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