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Determine the double-declining-balance rate

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Reference no: EM132694278

Problem - A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an estimated useful life of 40 years.

(a) Determine the double-declining-balance rate.

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

Reference no: EM132694278

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