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Double-Declining-Balance Depreciation: A building acquired at the beginning of the year at a cost of $94,800 has an estimated residual value of $7,600 and an

Double-Declining-Balance Depreciation:

A building acquired at the beginning of the year at a cost of $94,800 has an estimated residual value of $7,600 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:

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