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A building acquired at the beginning of the year at a cost of 95 200...

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Basic Math

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A building acquired at the beginning of the year at a cost of 95 200 has an estimated residual value of 4 800 and an estimated useful life of four years Determine t following a The double declining balance rate 47600 X b The double declining balance depreciation for the first year Feedback 0 25 X Check My Work The double declining rate is two times the straight line rate When the double declining balance method is used the estimated residual value is not considered

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