1 t 0 ences QS 10-6 (Algo) Double-declining-balance method LO P1 A building is acquired on January 1 at a cost of $970,000 with an estimated useful life of eight years and salvage value of $87,300. double-declining-balance method. Compute depreciation expense for the first three years using the Note: Round your answers to the nearest dollar. Annual Period First Year Second Year Third Year Depreciation for the Period Depreciation Rate (%) Beginning of Period Book Value $ 970,000 Depreciation Expense End of Period Accumulated Depreciation Book Value

QS 10-6 (Algo) Double-declining-balance method LO P1 A building is acquired on January 1 at a cost of $970,000 with an estimated useful life of eight years and salvage value of $87,300. Compute depreciation expense for the first three years using the double-declining-balance method. Note: Round your answers to the nearest dollar