DepreciationCengageNOWv2 | Online teaching and learning resource from Cengage Learning – Google ChromeXhttps://v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false1. EX.09-03.ALGODepreciation by Two MethodsA Kubota tractor acquired on January 9 at a cost of $63,000 has an estimated useful life of ten years. Assuming that it will have no residual value.2. EX.09-06a. Determine the depreciation for each of the first two years by the straight-line method.3. EX.09-13First YearSecond Year4. EX.09-076,3006,3005. EX.09-09.ALGOb. Determine the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate. Ifrequired, round your final answer to the nearest dollar.6. EX.09-10.ALGOFirst YearSecond Year$7. EX.09-12.ALGOFeedback8. EX.09-18.BLANKSHEET.AL…Check My Work9. EX.09-19.BLANKSHEET.AL…Asset cost minus residual value equals depreciable cost. Book value is the asset cost minus accumulated depreciation. In the first year, the balance in the accumulateddepreciation account is zero.10. EX.09-20.BLANKSHEET.A…Learning Objective 2.11. PR.09-03.ALGO12. PR.09-05.BLANKSHEET.A…13. PR.09-06.BLANKSHEET.A… .Progress: 5/13 itemsCheck My WorkPreviousNext >Assignment Score: 82.95%Save and ExitSubmit Assignment for GradingO Type here to searchPSA11:55 AM5/12/2019
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