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Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $74,000 has an estimated residual value of $3,000 and an

Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $74,000 has an estimated residual value of $3,000 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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