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A building acquired at the beginning of the year at a cost of $79,600 has an estimated residual value of $4,000 and an estimated useful

A building acquired at the beginning of the year at a cost of $79,600 has an estimated residual value of $4,000 and an estimated useful life of 4 years. Determine the following.

(a)	The double-declining-balance rate		%
(b)	The double-declining-balance depreciation for the first year	$

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