A building acquired at the beginning of the year at a cost

Last updated: 11/14/2023

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