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Determine the depreciation for each of the first two years

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Reference no: EM133162127

Question - Depreciation by Two Methods - A Kubota tractor acquired on January 8 at a cost of $117,000 has an estimated useful life of 10 years. Assuming that it will have no residual value.

Required -

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.

Reference no: EM133162127

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