QS 8-5 (Algo) Double-declining balance method LO P1 A building is acquired on January 1 at a cost of $880,000 with an estimated useful life of ten years and salvage value of $79,200. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.) End of Period Depreciation for the Period Beginning of Depreciation Depreciation Period Book Rate (%) Expense Annual Period Accumulated Depreciation Book Value Value First Year $ 880,000 20% Second Year 20% Third Year 20%