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Computer equipment was acquired at the beginning of the year at a cost of $47,500 that has an estimated residual value of $2,900 and an

image text in transcribed Computer equipment was acquired at the beginning of the year at a cost of $47,500 that has an estimated residual value of $2,900 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

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