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A building is acquired on January 1 at a cost of $940,000 with an estimated useful life of ten years and salvage value of
A building is acquired on January 1 at a cost of $940,000 with an estimated useful life of ten years and salvage value of $84,600. Compute depreciation expense for the first three years using the double-declining-balance method. Note: Round your answers to the nearest dollar. Depreciation for the Period Beginning of Annual Period Period Book Value First Year Second Year Third Year End of Period Depreciation Rate (%) Depreciation Expense Accumulated Depreciation Book Value
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