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Computer equipment was acquired at the beginning of the year at a cost of $54,200. It had an estimated residual value of $4,600 and an

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Computer equipment was acquired at the beginning of the year at a cost of $54,200. It had an estimated residual value of $4,600 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation. a. Depredable cost b. Straight-line rate c. Annual straight-line depreciation

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