Dr e: Practice! Double-Declining-Balance Depreciation pt Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $96,400 has an estimated residual value of $6,700 and an estimated usefu lite f four years. Determine the following. (a) The double-dedining-balance rate (b) The double-declining-balance depreciation for the first year Submit Answer Try Another Version