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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 8 at a cost of $135,000 has an estimated useful life of 10 years. Assuming that it will have no residual value.
a. Determine the depreciation for each of the first two years by the straight-line method.
First Year
Second Year
cond Year
$13,500$
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for a declining periodic expense over the expected useful life of the asset. When the double-declining-balance method is used, the estimated residual value is not considered.
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