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Determine the double-declining-balance rate

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Reference no: EM133187786

Question - Double-Declining-Balance Depreciation - A building acquired at the beginning of the year at a cost of $120,000 has an estimated residual value of $4,800 and an estimated useful life of 4 years.

Required -

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

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

Reference no: EM133187786

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