Question: Please follow all steps for question 3 for a like and thumbs up! :) 3. You have a tractor. The purchase price is $135,000. The

Please follow all steps for question 3 for a like and thumbs up! :)

3. You have a tractor. The purchase price is $135,000. The depreciation period is 5 years. The savage value after five years is $65,000. Determine the book value for the tractor at the end of each year using (1) straight-line depreciation method, and (2) sum-of-the-years method.

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