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A building is acquired on January 1 at a cost of $840,000 with an estimated useful life of ten years and salvage value of $75,600.

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A building is acquired on January 1 at a cost of $840,000 with an estimated useful life of ten years and salvage value of $75,600. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.) Annual Period Depreciation for the Period Beginning of Period Book Depreciation Depreciation Value Rate(%) Expense End of Period Accumulated Book Value Depreciation First Year Second Year Third Year

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