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

Depreciation Methods

Declining Balance Method of Depreciation (Examples)

Double-Declining Balance (DDB) Depreciation Method: Definition and Formula

Accelerated Depreciation | Definition, Methods & Calculation