A building is acquired on January 1 at a cost of $1,020,000 with an estimated useful life of ten years and salvage value of $91,800. Compute depreciation expense for the first three years using the double-declining-balance method. Note: Round your answers to the nearest dollar. Annual Period First Year Second Year Third Year Depreciation for the Period Depreciation Rate (%) Beginning of Period Book Value Depreciation Expense End of Period Accumulated Depreciation Book Value

A building is acquired on January 1 at a cost of $1,020,000 with an estimated useful life of ten years and salvage value of $91,800. Compute depreciation expense for the first three years using the double-declining-balance method. Note: Round your answers to the nearest dollar