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Determine double-declining-balance depreciation for year

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Double-Declining-Balance Depreciation

A building acquired at the beginning of the year at a cost of $70,800 has an estimated residual value of $5,000 and an estimated useful life of 4 years.

Question 1: Determine the following.

(a) The double-declining-balance rate

(b) The double-declining-balance depreciation for the first year

Reference no: EM132605832

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