Question: PE 1 0 - 3 A Double - declining - balance depreciation - A building acquired at the beginning of the year at a cost

PE 10-3A Double-declining-balance depreciation- A building acquired at the beginning of the year at a cost $1,193,000 has an estimated residal value of $ 40,000 and an estimated useful life of 10 years. Determine (a) the double-declining-balance rate and (b) the double-balance deprecation for the first year.

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