461 purS Long-Term Assets: Fixed and Intangible ercises BE 9-1 Straight-line depreciation A building acquired at the beginning of the year at a cost of $1,450,000 has an estimated re- sidual value of $300,000 and an estimated useful life of 10 years. Determine (A) the depreciable cost, (B) the straight-line rate, and (C) the annual straight-line depreciation. Obj. 2 Obj. 2 BE 9-2 Units-of-activity depreciation A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year. Determine (A) the depreciable cost, (B) the depreciation rate, and (C) the units-of-activity depreciation for the year. Obj. 2 BE 9-3 Double-declining-balance depreciation A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an estimated useful life of 40 years. Determine (A) the double- declining-balance rate and (B) the double-declining-balance depreciation for the first year