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A building is acquired on January 1, at a cost of $980,000 with an estimated useful life of 10 years and salvage value of $88,200.

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A building is acquired on January 1, at a cost of $980,000 with an estimated useful life of 10 years and salvage value of $88,200. Compute depreciation expense for the first three years using the double-declining balance method. (Round your answers to the nearest dollar.) End of Period Depreciation for the Period Beginning of Period Book Depreciation Depreciation Value Rate(%) Expense Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year

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