A storage tank acquired at the beginning of the fiscal year at a cost of 86,000 has an estimated residual value of 10,000 and an estimated useful…

A storage tank acquired at the beginning of the fiscal year at a cost of 86,000 has an estimated residual value of 10,000 and an estimated useful life of 8 years. Determine the following a. the amount of annual depreciation by the straight line method and b. the amount of the depreciation for the first and second year computed by the double-declining-blalance method.

A storage tank acquired at the beginning of the fiscal year at a cost of 86,000 has an estimated residual value of 10,000 and an estimated useful life of 8years. Determine the following a. the…

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