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A building acquired at the beginning of the year at a cost of $82,000 has a residual value of $6,600 and an estimated useful life

A building acquired at the beginning of the year at a cost of $82,000 has a residual value of $6,600 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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