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The double declining balance rate

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Reference no: EM131128151

A building acquired at the beginning of the year at a cost of $650,000 has an estimated residual value of $125,000 and an estimated useful life of 40 years. Determine 

(a) The double-declining-balance rate and 

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

Reference no: EM131128151

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