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A building acquired at the beginning of the year at a cost of $104,400 has an estimated residual value of $8,400 and an estimated useful

A building acquired at the beginning of the year at a cost of $104,400 has an estimated residual value of $8,400 and an estimated useful life of four years. Determine the following.

(a) The double-declining-balance rate fill in the blank %

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

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