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Double-declining-balance depreciation A building acquired at the beginning of the year at a cost of $91,600 has an estimated residual value of $7,300 and an

Double-declining-balance depreciation

A building acquired at the beginning of the year at a cost of $91,600 has an estimated residual value of $7,300 and an estimated useful life of 4 years. Determine the following. (a) The double-declining-balance rate % (b) The double-declining-balance depreciation for the first year

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