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-. Cengage Cengager × e Chegg Study Cengage Cen 21 Women\'s Swe Electronics, C 21 \"Waiting for r curl pudding LT X v2 cengagenow.com/ilm Assignmentain do?invoker-assignments takeAssignmen Session cator-assignment-takem Ch 10-3 Exercises & Problems eBook Show Me How Calculator Print item Depreclation by Two Methods A Kubota tractor acquired on January 8 at a cost of $207,000 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 1. EX.10-15.BLANKSHEET AL.. 2. EX.10-09.ALGO 3. EX.10-07.ALGO First Year cond Year 4. EX. 10-16.BLANKSHEETAL... 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 5. EX. 10-17.ALGO First Year 6. EX.10-19.ALGO Check My Work 2 more Check My Work uses remalning Previous Next Progress: 2/6 items Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for Grading 11-57 PM Type here to search 2/1/2018 23

Solution

Solution:

Computation of Depreciaton - Straight Line
Year	Opening balance of Assets	Nos of days assets used	Depreciation Calculation	Depreciation
1	$207,000.00	357	$207,000/10*357/365	$20,246.30
2	$186,753.70	365	$207,000/10	$20,700.00