Computer equipment was acquired at the beginning of the year at a cost of $57,700 that has an estimated residual value of $5,000 and an estimated useful life of five years. Determine the

(a) depreciable cost,

(b) straight-line rate, and

(c) annual straight-line depreciation.

a. Depreciable cost $fill in the blank 1

b. Straight-line rate fill in the blank 2 %

c. Annual straight-line depreciation $fill in the blank 3