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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 $1,375,000 has an estimated residual value of $250,000 and an 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: EM132350874

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