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Computer equipment was acquired at the beginning of the year at a cost of $79,500. It had an estimated residual value of $3,300 and an

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Computer equipment was acquired at the beginning of the year at a cost of $79,500. It had an estimated residual value of $3,300 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 b. Straight-line rate C. Annual straight-line depreciation

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