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Determine the double declining balance rate

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Question - Double - Declining Balance Depreciation

A building acquired at the beginning of the year at a cost of $1,375,090 has an estimated residual value of $250,000 and estimated useful life of 40 years, Determine the following.

(a) The double declining balance rate.

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

Reference no: EM132183409

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