Various depreciation methods-two years
On September 6,2017,East River Tug Co.purchased a new tugboat for $400,000.The estimated life of the boat was 20 years,with an estimated residual value of $40,000.
Compute the depreciation on this tugboat in 2017 and 2018 using the following methods.Apply the half-year convention.(If necessary,round to the nearest dollar. )

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The Answer of Various depreciation methods-two years
On September 6,2017,East River Tug Co.purchased a new tugboat for $400,000.The estimated life of the boat was 20 years,with an estimated residual value of $40,000.
Compute the depreciation on this tugboat in 2017 and 2018 using the following methods.Apply the half-year convention.(If necessary,round to the nearest dollar. )

Various Depreciation Methods-Two Years