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Kevins kite kingdom inc purchased a building for 1000000 on

Question - Kevin's Kite Kingdom Inc. purchased a building for $1,000,000 on January 1st, 2013. It has been determined that the useful life of the asset is 10 years. What is double-declining depreciation rate on the building?

a. 1%

b. 5%

c. 10%

d. 20%

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Accounting Basics: Kevins kite kingdom inc purchased a building for 1000000 on

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Accounting Basics: Kevins kite kingdom inc purchased a building for 1000000 on

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