Depreciation by two methods A Kubota tractor acquired on January 8 at a cost...
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Accounting
Depreciation by two methods
A Kubota tractor acquired on January at a cost of $ has an estimated useful life of years. Assuming that it will have no residual value.
a Determine the depreciation for each of the first two years by the straightline method.
First Year
Second Year
cond Year
$$
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for a declining periodic expense over the expected useful life of the asset. When the doubledecliningbalance method is used, the estimated residual value is not considered.
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