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A building acquired at the beginning of the year at a cost of $68,400 has an estimated residual value of $4,100 and an estimated useful

A building acquired at the beginning of the year at a cost of $68,400 has an estimated residual value of $4,100 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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