A building is acquired on January 1 at a cost of $ 850,000 with an estimated useful life of eight years and salvage value of Compute depreciation expense for the first three years using the double-declining-balance method.

Beginning of Period Book Value :

Depreciation Rate (% ) :

Depreciation Expense :

A building is acquired on January 1 at a cost of $850,000 with an estimated useful life of eight years and salvage value of $76,500. Compute depreciation expense for the first three years using the double-declining-balance method. Note: Round your answers to the nearest dollar. Annual Period First Year Second Year Third Year Depreciation for the Period Beginning of Period Book Value Depreciation Rate (%) End of Period Depreciation Expense. Accumulated Depreciation Book Value