Depreciation by Two Methods A tractor acquired on January 9 at a cost of $45,000 has an estimated useful life?

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Depreciation by Two Methods

A tractor acquired on January 9 at a cost of $45,000 has an estimated useful life of five years. Assume 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.

First Year $_____________

Second Year $___________

Depreciation by Two Methods A tractor acquired on January 9 at a cost of $45,000 has an estimated useful life?