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Computer Equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,800 and an
Computer Equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,800 and an estimated useful life of 8 years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation.
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