Question
A building acquired at the beginning of the year at a cost of $88,800 has an estimated residual value of $6,200 and an estimated useful
A building acquired at the beginning of the year at a cost of $88,800 has an estimated residual value of $6,200 and an estimated useful life of four years. Determine the following.
(a) The double-declining-balance rate %
(b) The double-declining-balance depreciation for the first year
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
