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A building is acquired on January 1, at a cost of $930,000 with an estimated useful life of 8 years and salvage value of

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A building is acquired on January 1, at a cost of $930,000 with an estimated useful life of 8 years and salvage value of $83,700. 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 Annual Period Period Book Value First Year Second Year Third Year End of Period Depreciation Rate (%) Depreciation Expense Accumulated Book Value Depreciation

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