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Determine the double-declining-balance rate

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Reference no: EM133049935

Question - A building acquired at the beginning of the year at a cost of $78,800 has an estimated residual value of $5,500 and an estimated useful life of four years.

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

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

Reference no: EM133049935

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