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HW10 Q10 Please answer clearly - Thanks! A building is acquired on January 1 at a cost of $970,000 with an estimated useful life of

HW10 Q10

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Please answer clearly - Thanks!

A building is acquired on January 1 at a cost of $970,000 with an estimated useful life of eight years and salvage value of $87,300. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)

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