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555.) Mack Company plans to depreciate a new building using the double declining-balance depreciation method. The...

555.)

Mack Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $800,000. The estimated residual value of the building is $50,000 and it has an expected useful life of 25 years.

What is the building's book value at the end of the first year?

A.) $686,000

B.) $736,000

C.) $690,000

D.) $768,000

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