=+Equipment acquired at the beginning of the year at a cost of $125,000 has an estimated residual value of $5,000 and an estimated useful life of eight years. Determine

(a) the depreciable cost,

(b) the straight-line rate, and

(c) the annual straight-line depreciation.

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