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Determine double-declining-balance depreciation for year

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Reference no: EM132920947

Problem 1: A building acquired at the beginning of the year at a cost of $102,400 has an estimated residual value of $5,100 and an estimated useful life of four years. Determine the following.

(a) The double-declining-balance rate

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

Reference no: EM132920947

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