QS 10-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $890,000 with an estimated useful tife of 8 years and salvage value of $80,100 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 16 Expense 5 890,000 8% End of Period Accumulated Book Value Depreciation Annual Period First Year Second Year Third Year