1) Computer equipment was acquired at the beginning of the year at a cost of $53,900. It had an estimated residual value of $4,300 and an estimated useful life of 5 years.

a. Determine the depreciable cost.

b. Determine the straight-line rate.

c. Determine the annual straight-line depreciation.

2) A machine costing $45,000 with a 5-year life and $2,700 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.

Year 1	$
Year 2	$
Year 3	$
Year 4	$
Year 5	$