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Determine the double-declining-balance rate

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Reference no: EM132721993

Double-Declining-Balance Depreciation

A building acquired at the beginning of the year at a cost of $96,800 has an estimated residual value of $2,900 and an estimated useful life of four years.

Problem 1: Determine the following.

a. The double-declining-balance rate

Reference no: EM132721993

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