QS 8-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $970,000 with an estimated useful life of 8 years and salvage value of $87,300. 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 Depreciation Period Book Rate(%) Value Expense Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year