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.) End of Period Depreciation for the Period Beginning of Perlod Book Depreciation Depreciation Rate(%) Expanse Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year Enabled: Exam 2 Seved Warner Company's year-end unadjusted trial balance shows accounts receivable of $104,000, allowance for doubtful accounts of $650 (credit), and sales of $330,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. View transaction list Journal entry worksheet 1 Record the estimate of uncollectibles. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Bad debts expense Allowance for doubtful accounts 4,950 4,950 Record entry Clear entry View general Journal