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Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of...

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Accounting

Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $112,800 has an estimated residual value of $9,000 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 ____

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