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A building acquired at the beginning of the year at a cost of $64,400 has...

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Accounting

A building acquired at the beginning of the year at a cost of $64,400 has an estimated residual value of $1,900 and an estimated useful life of four years. Determine the following.
(a) The double-declining-balance rate %
(b) The double-declining-balance depreciation for the first year $
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