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A building is acquired on January 1, at a cost of $1,010,000 with an estimated useful life of 8 years and salvage value of $90,900.
A building is acquired on January 1, at a cost of $1,010,000 with an estimated useful life of 8 years and salvage value of $90,900. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.) End of Period Depreciation for the Period Beginning of Depreciation Depreciation Period Book Rate(%) Expense Value Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year
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