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Computer equipment was acquired at the beginning of the year at a cost of $76,300. It had an estimated residual value of $4,700 and an

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Computer equipment was acquired at the beginning of the year at a cost of $76,300. It had an estimated residual value of $4,700 and an estimated useful life or five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight line depreciation a. Depreciable cost b. Straight-line rate c. Annual straight-line depreciation 3

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