Chervinski Industries recently paid $560,000 to buy a building that has an estimated useful life of 40 years and a residual value of $116,000.Calculate the depreciation expense for the third year after acquisition using double-declining-balance depreciation.Assume a full year of depreciation in the first year.

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The Answer of Chervinski Industries recently paid $560,000 to buy a building that has an estimated useful life of 40 years and a residual value of $116,000.Calculate the depreciation expense for the third year after acquisition using double-declining-balance depreciation.Assume a full year of depreciation in the first year.

Chervinski Industries Recently Paid $560,000 to Buy a Building That