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 Period Book Depreciation Depreciation Rate(%) Expense Value Annual Period Accumulated Depreciation Book Value First Year Second Year Third Year On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $270,000 note payable. 1. Compute the accrued interest payable on December 31. 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31 and payment of the note at maturity on February 5. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations.) Principal x Rate(%) x Time - Interest Total through maturity Year end interest accrual Interest recognized February 5 Reg 2 and 3 > Req 1 Req 2 and 3 Prepare the journal entry to record the accrued Interest expense at December 31 and payment of the note at maturity on February 5. (Use 360 days a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet Record the accrued interest expense. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal