1. Mike's Tires purchases a new piece of equipment for $5,200. It also pays $500 for installation and $200 for delivery. If the company expects the equipment to last for 10 years, with a $900 residual value, calculate the following a. Depreciable cost b. Straight-line rate c. Annual straight-line depreciation 2. On September 6, 2015, Pop's Repair Shop purchases a new truck that will be used for home visits. The truck costs $17,200, and the company paid an additional $1,100 for sales taxes. The company expects the truck to last 8 years, with a $1,200 salvage value. Calculate the following a. Depreciable cost b. Straight-line rate c. Straight-line depreciation for 2015 (round to nearest dollar) 3. On October 27, 2015, The Coffee Shop purchases a new computer system. The system was $1,200 and.also required a $400 installation fee. The company lexpects to use the system for 12 years, with a $200 scrap value. If the company uses straight-line to record depreciation, determine the following: a. b. c. d. Depreciable cost Straight-line rate (round to 2 decimal places) Annual depreciation (round to nearest dollar) Straight-line depreciation for 2015 (round to nearest dollar) 4. Swift Productions calculates depreciation using the units-of-output method. The company expects to use the machine for 2,000 hours. The cost of the machine was $9,200, with a $700 residual value a. Calculate the depreciation per hour of use. b. f the company uses the machine for 200 hours during 2015, prepare the journal entry to record the use as of the calendar year-end.I The Coffee Shop purchases a new computer for $4,900 and pays $600 for delivery and installation. The company expects the computer to have a 5-year useful life, with 15,000 total hours used 5. a. Calculate the depreciation per hour of use. Round to the nearest cent. b. If the company uses the computer for 650 hours in 2015, calculate the depreciation expense for the year