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A building is acquired on January 1 at a cost of $880,000 with an estimated useful life of ten years and salvage value of
A building is acquired on January 1 at a cost of $880,000 with an estimated useful life of ten years and salvage value of $79,200. Compute depreciation expense for the first three years using the double-declining-balance method. Note: Round your answers to the nearest dollar. Depreciation for the Period End of Period Annual Period Beginning of Period Book Value Depreciation Rate (%) Depreciation Expense Accumulated Depreciation Book Value First Year Second Year Third Year
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