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A building acquired at the beginning of the year at a cost of $ 7 9 , 6 0 0 has an estimated residual value

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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