A Kubota tractor purchased on January 8 at a cost of $85,000 has an estimated useful life of 10 years. Assuming it will have no salvage value.

to. Determine the depreciation for each of the first two years by the straight-line method.

First year	Second year
ps	ps

b. Determine the depreciation for each of the first two years using the double declining balance method.

First year	Second year
ps	ps

Answer rating: 100% (QA)

a Straightline depreciation The annual depreciation expense is calculated as Depreciation expense Co... View the full answer