QS $8-6($Algo$)$ Double$-$declining$-$balance method LO P$1$

A building is acquired on January $1$ at a cost of $$950,000$ with an estimated useful life of eight years and salvage value of $$85,500.$

Compute depreciation expense for the first three years using the double$-$declining$-$balance method.

Note: Round your answers to the nearest dollar.