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Double-Declining-Balance Depreciation Equipment acquired at the beginning of the year at a cost of $114,400 has an estimated residual value of $5700 and an estimated

Double-Declining-Balance Depreciation

Equipment acquired at the beginning of the year at a cost of $114,400 has an estimated residual value of $5700 and an estimated useful life of 10 years. Determine the following

(a) the double-declining-balance rate ___%

(b) the double-decining-balance depreciation for the first year $_________

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