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Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $104,000 has an estimated residual value of $6,200 and an

Double-Declining-Balance Depreciation

A building acquired at the beginning of the year at a cost of $104,000 has an estimated residual value of $6,200 and an estimated useful life of four years. Determine the following.

(a) The double-declining-balance rate fill in the blank 1 %
(b) The double-declining-balance depreciation for the first year $fill in the blank 2

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