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A building acquired at the beginning of the year at a cost of $111,600 has...

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Accounting

A building acquired at the beginning of the year at a cost of $111,600 has an estimatedresidual value of $5,600 and an estimated useful life of 4 years. Determine the following.

(a) The double-declining-balance rate fill in the blank 1 %
(b) The double-declining-balance depreciation for the first year $fill in the blank 2

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