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

Calculate the depreciation using declining-balancing method.

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