Question: Hellow, I need help with this problem. I'm behind on work that needs to get turned in asap. I posted this problem before, but got
Hellow, I need help with this problem. I'm behind on work that needs to get turned in asap. I posted this problem before, but got a weird response that I could not make out. Hopefully someone can help me. Thank you very much, your time is greatly appreciated.
Depreciation by Two Methods
A Kubota tractor acquired on January 9 at a cost of $288,000 has an estimated useful life of ten 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 |
| $__________ | $__________ |
b. Determine the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your final answer to the nearest dollar.
| First Year | Second Year |
| $_________ | $__________ |
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