A building acquired at the beginning of the year at a cost of S1,375,000 has an estimated residual value of S250,000 and an estimated useful life of 40 years. Determine the following. (a) The...

Extracted text: A building acquired at the beginning of the year at a cost of S1,375,000 has an estimated residual value of S250,000 and an estimated useful life of 40 years. Determine the following. (a) The double-declining-balance rate (b) The double-declining-balance depreciation for the first year