1. All of the following below are needed for the calculation of straight-line depreciation except:

a. Units produced.

b. Residual value.

c. Cost.

d. Estimated life.

2. A machine with a cost of $51,700.00 has an estimated residual value of $3,180.00 and an estimated life of 5 years or 15,888 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

a. $20,680.00

b. $19,408.00

c. $10,340.00

d. $12,408.00

3. Computer equipment was acquired at the beginning of the year at a cost of $65,677.00. The computer equipment has an estimated residual value of #3,877.00 and an estimated useful life of 3 years. Determine the 2^nd year