Saved Help Save & Exit Submit A building is acquired on January 1, at a cost of $870,000 with an estimated useful life of 8 years and salvage value of $78,300. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.) End of Period Accumulated Depreciation Annual Period Book Value Depreciation for the Period Beginning of Depreciation Depreciation Period Book Rate(%) Expense Value $ 870.000 13% $ 220.806 649,194 13% 385,571 484,429 13% 508,519 $ 220,806 $ First Year Second Year Third Year 606,377 1,114,896 649,194 263,623 (244,896)