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3.Computer equipment was acquired at the beginning of the year at a cost of $71,300. It had an estimated residual value of $3,700 and an

3.Computer equipment was acquired at the beginning of the year at a cost of $71,300. It had an estimated residual value of $3,700 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.

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