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A building is acquired on January 1, at a cost of $1,030,000 with an estimated useful life of 8 years and salvage value of $92,700.

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A building is acquired on January 1, at a cost of $1,030,000 with an estimated useful life of 8 years and salvage value of $92,700. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.) Depreciation for the Period Beginning of Perlod Book Depreciation Depreciation Rate (%) Value Expense End of Period Accumulated Book Value Depreciation Annual Period First Year Second Year Third Year

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