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A Kubota tractor acquired on January 8 at a cost of $234,000 has an estimated useful life of 10 years Assuming that it will have no residual value a Determine the depreciation for each of the first two years by the straightline method First Year Second Year $ $ b Determine the depreciation for each of the first two years by the doubledecliningbalance method Do not round the doubledeclining balance rate If required, round your final answers to the nearest dollar First Year Second Year $ $ Check M
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