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1. Computer equipment was acquired at the beginning of the year at a cost of $33,125 that has an estimated residual value of $2,000 and an estimated useful life of five years.

(a) Determine the depreciable cost $

(b) Determine the double-declining-balance rate %

(c) Determine the double-declining-balance depreciation for the first year $

2. On December 31, Strike Company sold one of its batting cages for $177,267. The equipment had an original cost of $208,550 and has accumulated depreciation of $31,283. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction?

a.loss of $(31,283)

b.gain of $41,711

c.no gain or loss

d.can't be determined with data provided

3. The machinery was purchased on January 1 for $82,810.00. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year would be (round calculations to the nearest dollar):

a.$16,400

b.$17,900

c.$16,900

d.$15,900

4. Computer equipment was acquired at the beginning of the year at a cost of $66,209 that has an estimated residual value of $2,731 and an estimated useful life of 4 years. Determine the second-year depreciation using the straight-line method.

a.$16,552.25

b.$17,235.00

5. Equipment with a cost of $149,390 has an estimated residual value of $7,825 and an estimated life of 5 years or 12,929 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 3,440 hours?

a.$28,313.00

b.$37,665.99

c.$29,878.00

d.$37,707.14

c.$15,869.50

d.$31,739.00