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A building acquired at the beginning of the year at a cost of $74,800 has...

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Accounting

A building acquired at the beginning of the year at a cost of $74,800 has an estimated residual value of $3,700 and an estimated useful life of four years. Determine the following. (a) The double-declining-balance rate fill in the blank 1 % (b) The double-declining-balance depreciation for the first year $fill in the blank 2

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