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A building is acquired on January 1 at a cost of $990,000 with an estimated useful life of eight years and salvage value of $89,100.
A building is acquired on January 1 at a cost of $990,000 with an estimated useful life of eight years and salvage value of $89,100. 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 Depreciation Period Book Depreciation Value Rate (%) Expense Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year
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