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Historical cost $$298,000 for a tractor equipment purchased on January 1, 2019. Salvage value of...

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Accounting

Historical cost $$298,000 for a tractor equipment purchased on January 1, 2019. Salvage value of $13,500 for 10 years.
1. Please calculate the straight line depreciation.
2. What is the journal entry?
3. What is the book value ?
4. What is the depreciation using declining balance method?
5. What is the depreciation using sum of years digits?
Question 3 - what is the book in year five
Question 4 & 5 show 10 years of calculation.

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