Double-declining-balance depreciation A building acquired at the beginning of the year at a cost of $87,200 has an estimated residual value of $6,100 and an estimated useful life of four years. Determine the following. (a) The double-declining-balance (b) The double-declining-balance rate depreciation for the first year $ %

Double-declining-balance depreciation A building acquired at the beginning of the year at a cost of $87,200 has an estimated residual value of $6,100 and an estimated useful life of four years. Determine the following. (a) The double-declining-balance rate % (b) The double-declining-balance depreciation for the first year $