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QS 8.5 (Algo) Double-declining-balance method LO P1 A building is acquired on January 1 ot a cost of $880,000 with an estimated useful lde of

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QS 8.5 (Algo) Double-declining-balance method LO P1 A building is acquired on January 1 ot a cost of $880,000 with an estimated useful lde of ten years and salvage vafue of $79,200. Compute depreciation expense for the first three years using the double-decining balance method Notel Round your answers to the nearest dollac. Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Ramirez Company installs a computerized manufacturing machine in its factory of the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,300 units of product. Exercise 8-4 (Algo) Straight-line depreciation LO P1 Determine the machines second year depreciation and year end book value under the straight-line method

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