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Computer equipment was acquired at the beginning of the year at a cost of $71,000 that has an estimated residual value of $4,100 and an

Computer equipment was acquired at the beginning of the year at a cost of $71,000 that has an estimated residual value of $4,100 and an estimated useful life of 5 years.

a. Determine the depreciable cost. $

b. Determine the straight-line rate. %

c. Determine the annual straight-line depreciation. $

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