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Determine the double-declining-balance depreciation

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Reference no: EM132754184

Double-Declining-Balance Depreciation

A building acquired at the beginning of the year at a cost of $80,000 has an estimated residual value of $4,000 and an estimated useful life of four years.

Problem 1: Determine the following.

(a) The double-declining-balance rate

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

 

Reference no: EM132754184

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