A company is depreciating a $1,000,000 building using a straight-line rate of 5%.The building has an estimated residual value of $200,000.What would the amount of depreciation be in the first year using the straight-line method and the double-declining-balance method?
Straight-line Double-declining-balance

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The Answer of A company is depreciating a $1,000,000 building using a straight-line rate of 5%.The building has an estimated residual value of $200,000.What would the amount of depreciation be in the first year using the straight-line method and the double-declining-balance method? Straight-line Double-declining-balance A)$40,000 $80,000 B)$40,000 $100,000 C)$50,000 $80,000 D)$50,000 $100,000

A Company Is Depreciating a $1,000,000 Building Using a Straight-Line