Answered: Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $1,193,000 has an estimated residual value of $220,000 and… | bartleby

The Rourke Group bought a tractor on January 1, 2005 for 65,000.They use the declining balance depreciation method with a 30% rate. Calculate thedepreciation for the years ended December 31, 2005 and December 31, 2006.1. Depreciation Expense: December 31, 20052. Depreciation Expense: December 31, 2006

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