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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 8 at a cost of $207,000 has an estimated useful life of ten 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. Do not round the double-declining balance rate. If required, round your final answer to the nearest dollar.

Reference no: EM132469956

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