Question: A building acquired at the beginning of the year at

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


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  • CreatedFebruary 28, 2014
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