A building was purchased on August 1, 2012 for $450,000. It has a residual value of $38,000 and a useful life of 35 years. To the nearest dollar, how much will the depreciation expense for the building be for 2012 using the double-declining-balance method?

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The Answer of A building was purchased on August 1, 2012 for $450,000. It has a residual value of $38,000 and a useful life of 35 years. To the nearest dollar, how much will the depreciation expense for the building be for 2012 using the double-declining-balance method?

A Building Was Purchased on August 1, 2012 for $450,000