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QS 10-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $1,010,000 with an estimated useful life of 8

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QS 10-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $1,010,000 with an estimated useful life of 8 years and salvage value of $90,900. Compute depreciation expense for the first three years using the double-declining-balance method (Round your answers to the nearest dollar.) Depreciation for the Period Beginning of Period Book Depreciation Depreciation Value Rate(%) Expense End of Period Accumulated Book Value Depreciation Annual Period First Year Second Year Third Year

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