[Solved] QS 8-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $830,000 with an

QS 8-5 Double-declining-balance method LO P1 A building is acquired on January 1, at a cost of $830,000 with an estimated useful life of eight years and salvage value of $75,000. Compute depreciation expense for the first three years using the double-declining-balance method.