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A building acquired at the beginning of the year at a cost of $111,600 has an estimatedresidual value of $5,600 and an estimated useful life
A building acquired at the beginning of the year at a cost of $111,600 has an estimatedresidual value of $5,600 and an estimated useful life of 4 years. Determine the following.
| (a) | The double-declining-balance rate | fill in the blank 1 | % |
| (b) | The double-declining-balance depreciation for the first year | $fill in the blank 2 |
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Research Methods In Accounting
Authors: Malcolm Smith
6th Edition
1529779774, 978-1529779776
