Question: A company is depreciating a $992000 building using a straight-line rate of 5%. The building has an estimated residual value of $198400. What would the

A company is depreciating a $992000 building using a straight-line rate of 5%. The building has an estimated residual value of $198400. What would the amount of depreciation be in the first year using the straight-line method and the double-declining-balance method? Straight-line Double-declining-balance $39680. $99200 $39680. $79360 $49600. $79360 $49400. $99200

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