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QS 8-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $850,000 with an estimated useful life of 8 years and salvage value of $76,500 Compute depreciation expense for the first three years using the double-declining balance method. (Round your answers to the nearest dollar.) End of Period Depreciation for the Period Beginning of Depreciation Period Book Depreciation Expense Rato (%) Value Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year