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Not secure | v2.cengagenow.com/ilm/takeAssignment/takeAssignment Main.do?invoker ocator Problem Set: Chapters 9 and 10 eBook Show Me How Calculator Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual vliue of s250,.o and an es (a) The double-declining-balance rate (b) The double-declining-balance depreciation for the first year 56250 x Feedback 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 Learning Objective 2

Explanation / Answer

(b) The double-declining-balance depreciation for the first year = $1,375,000 * 5% = $68,750

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