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A building acquired at the beginning of the year at a cost of $67,200 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 $67,200 has an estimated residual value of $4,000 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 fill in the blank

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