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Find the double-declining-balance depreciation

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Reference no: EM133003858

Problem 1: A building acquired at the beginning of the year at a cost of $90,400 has an estimated residual value of $4,500 and an estimated useful life of four years. Determine the following.

(a) The double-declining-balance rate

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

Reference no: EM133003858

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