Question: All the answers shown are incorrect please help Please provide your response to the nearest integer with no comma or $ sign. A tractor for
All the answers shown are incorrect please help
Please provide your response to the nearest integer with no comma or $ sign. A tractor for over-the-road hauling is purchased for $63,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. Calculate the depreciation deduction and the the book value during each year of the tractors life. Using straight-line (SLN) depreciation, provide depreciation and book value for year 5. Depreciation for year 5 = $ 12000 Using SLN, the book value for year 5 = $ 3000 Using declining-balance depreciation at 150% of the straight line rate, provide depreciation and book value for year 5. Depreciation for year 5 = $ 4538_ __ Using declining-balance depreciation (150%), book value for year 5 = $ 10588 Using double declining balance depreciation, provide depreciation and book value for year 5. Depreciation for year 5 = $ 3283.2 Using double declining balance, book value for year 5 = $ 4925
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