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Fred of Todd Enterprises has purchased a tractor for $125,000. Assume a 8 year useful life...

Fred of Todd Enterprises has purchased a tractor for $125,000. Assume a 8 year useful life and a salvage value or $15,000. Calculate the depreciation for each year of the useful life using:

a. sum of years digits method

b. Double declinging balance method

c. straight line method

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The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

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