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Find the double-declining-balance rate

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Reference no: EM133006194

A building acquired at the beginning of the year at a cost of $79,200 has an estimated residual value of $6,300 and an estimated useful life of four years.

Problem 1: Determine:

(a) The double-declining-balance rate

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

Reference no: EM133006194

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