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Determine the double-decliningbalance rate

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Problem - Double-declining-balance depreciation - A building acquired at the beginning of the year at a cost of $3,585,000 has an estimated residual value of $125,000 and an estimated useful life of 50 years. Determine (a) the double-decliningbalance rate and (b) the double-declining-balance depreciation for the first year.

Reference no: EM132741570

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