Computer equipment was acquired at the beginning of the year at a cost of $75,100. It had an estimated residual value of $5,000 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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