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Various Depreciation Methods--Two Years

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Various depreciation methods--two years
On September 6,2014,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 2014 and 2015 using the following methods.Apply the half-year convention.(If necessary,round to the nearest dollar.) Various depreciation methods--two years On September 6,2014,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 2014 and 2015 using the following methods.Apply the half-year convention.(If necessary,round to the nearest dollar.)

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