Check my work A building is acquired on January 1, at a cost of $880,000 with an estimated useful life of 10 years and salvage value of $79.200 Compute depreciation expense for the first three years using the doubledeclining balance method (Round your answers to the nearest dollar) End of Period Depreciation for the Period Beginning of Depreclation manaotasion Depreciation - Expense Value Annual Perlod Accumulated Depreclation Book Value First Year Second Year Third Year Check my work On January 1 of this year, Diaz Boutique pays $145,000 to modernize its store. Improvements include new floors, ceilings, wiring and wall coverings. These improvements are estimated to yield benefits for 10 years. Dlaz leases (does not own) its store and has 8 years remaining on the lease. 1. & 2. Prepare the journal entry to record the cost of modernization and amortization at the end of this current year. View transaction list Journal entry worksheet Record the cost of modernization of the store for $145,000 cash