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Determine the double-declining-balance rate

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Reference no: EM133104602

Question - Double-Declining-Balance Depreciation - A building acquired at the beginning of the year at a cost of $60,800 has an estimated residual value of $4,300 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: EM133104602

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