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Let's look at the some of the UCW Bookstore's 2 0 2 4 and 2 0 2 3 sales numbers: table [ [ ,

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Let's look at the
some of the UCW
Bookstore's 2024
and 2023 sales
numbers:
\table[[,2024_,2023_,\table[[Increase (decre],[Amount Percentage]],],[Sales Revenues,$472,500,$460,000,$12,500,3%],[Cost of Goods Sold,200,000,175,000,$25,000,14%],[Gross Margin,272,500,285,000,-$12,500,-4%],[Rent Expense,100,000,100,000,$0,0%],[Salary Expense,300,000,275,000,$25,000,9%]]Current Attempt in Progress
A company is depreciating a $1003000 building using a straight-line rate of 5%. The building has an estimated residual value of
$200600. What would the amount of depreciation be in the first year using the straight-line method and the double-declining-balance
method?
Straight-line
Double-declining-balance
$50150
$100300
$50150
$80240
$40120
$100300
$40120
$80240
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