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QS 8-5 (Algo) Double-declining-balance method LO P1 A building is acquired on January 1 at a cost of $960,000 with an estimated useful life of

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QS 8-5 (Algo) Double-declining-balance method LO P1 A building is acquired on January 1 at a cost of $960,000 with an estimated useful life of ten years and salvage value of $86,400. Compute depreciation expense for the first three years using the double-declining-balance method. Note: Round your answers to the nearest dollar

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