=+A building acquired at the beginning of the year at a cost of $485,000 has an estimated residual value of $75,000 and an estimated useful life of 25 years. Determine

(a) the depreciable cost,

(b) the straight-line rate, and

(c) the annual straight-line depreciation.

PE 10-2A Straight-line depreciation obj. 2 EE 10-2 p. 449