A building is acquired on January 1 at a cost of $870,000 with an estimated useful life of eight years and salvage value of $78,300 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 ook Annual Period Beginning of Period Book Value nt ences First Year Second Year Third Year Depreciation Rate (%) End of Period Depreciation Expense Accumulated Book Value Depreciation