Computer equipment was acquired at the beginning of the year at a cost of $74,375 that has an estimated residual value of $4,500 and an estimated useful life of 5 years.

a. Determine the depreciable cost. $fill in the blank 1

b. Determine the double-declining-balance rate. fill in the blank 2%

c. Determine the double-declining-balance depreciation for the first year.

Computer equipment was acquired at the beginning of the year at a cost of $74,375 that has an estimated residual value of $4,500 and an estimated useful life of 5 years. a. Determine the depreciable cost. b. Determine the double-declining-balance rate. % c. Determine the double-declining-balance depreciation for the first year