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A building is acquired on January 1, at a cost of $830,000 with an estimated useful life of eight years and salvage value of

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A building is acquired on January 1, at a cost of $830,000 with an estimated useful life of eight years and salvage value of $75,000. Compute depreciation expense for the first three years using the double-declining-balance method. (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

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