Given a smooth variety $X$ and an effective Cartier divisor $D\subset X$, we show that the cohomological Chow group of 0-cycles on the double of $X$ along $D$ has a canonical decomposition in terms of the Chow group of 0-cycles $\text{CH}_{0}(X)$ and the Chow group of 0-cycles with modulus $\text{CH}_{0}(X|D)$ on $X$. When $X$ is projective, we construct an Albanese variety with modulus and show that this is the universal regular quotient of $\text{CH}_{0}(X|D)$. As a consequence of the above decomposition, we prove the Roitman torsion theorem for the 0-cycles with modulus. We show that $\text{CH}_{0}(X|D)$ is torsion-free and there is an injective cycle class map $\text{CH}_{0}(X|D){\hookrightarrow}K_{0}(X,D)$ if $X$ is affine. For a smooth affine surface $X$, this is strengthened to show that $K_{0}(X,D)$ is an extension of $\text{CH}_{1}(X|D)$ by $\text{CH}_{0}(X|D)$.

We show that for any commutative Noetherian regular ring $R$ containing $\mathbb{Q}$, the map $K_{1}(R)\rightarrow K_{1}\left(\frac{R[x_{1},\ldots ,x_{4}]}{(x_{1}x_{2}-x_{3}x_{4})}\right)$ is an isomorphism. This answers a question of Gubeladze. We also compute the higher $K$-theory of this monoid algebra. In particular, we show that the above isomorphism does not extend to all higher $K$-groups. We give applications to a question of Lindel on the Serre dimension of monoid algebras.