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A building is acquired on January 1 at a cost of $1,030,000 with an estimated useful life of eight years and salvage value of $92,700.

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A building is acquired on January 1 at a cost of $1,030,000 with an estimated useful life of eight years and salvage value of $92,700. Compute depreciation expense for the first three years using the double-declining-balance method Note: Round your onswers to the nearest dollar

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