A building is acquired on January 1, at a cost of $950,000 with an estimated useful life of 8 years and salvage value of $85,500.

Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)

05 8-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $950,000 with an estimated useful life of 8 years and salvage value of $85,500. Compute depreciation expense for the rst three years using the double-decliningbalance method. (Round your answers to the nearest dollar.) Second Year Third Year