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Wells Fargo & Company purchases a building for $800 million with a useful life of 30 years and a salvage value of $200 million. If

  • Wells Fargo & Company purchases a building for $800 million with a useful life of 30 years and a salvage value of $200 million. If the company uses the double-declining balance method for depreciation, calculate the depreciation expense for the first two years.
     

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