A building is acquired on January 1 at a cost of $860,000 with an estimated useful life of ten years and salvage value of $77,400. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)

Depreciation expense per year:

Year 1 =  $172000

Year 2 = $137600

Year 3 =  $110080

Explanation:

Double declining balance method is an accelerated method of charging depreciation expense. It charges a higher depreciation expense in the initial years of the asset's life and lower depreciation expense in the later years.

The formula to calculate depreciation expense per year is,

Depreciation expense = 2 * [ (Cost - Accumulated Depreciation) / Estimated useful life of the asset ]

The depreciation expense for Year 1 to 3 will be,

Depreciation Expense per year

Year 1 = 2 * [ (860000 - 0) / 10 ]  =  $172000

Year 2 = 2 * [ (860000 - 172000) / 10 ]  =  $137600

Year 3 = 2 * [ (860000 - (172000 + 137600)) / 10 ]  =  $110080

what is wrong with black soap shampoo?

explanation:

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;