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Copy equipment was acquired at the beginning of the year at a cost of $38,930 that has an estimated residual value of $3,500 and an
Copy equipment was acquired at the beginning of the year at a cost of $38,930 that has an estimated residual value of $3,500 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,181,000 copies. This year, 290,000 copies were made. a. Determine the depreciable cost. $fill in the blank 1 b. Determine the depreciation rate. $fill in the blank 2 per copy c. Determine the units-of-output depreciation for the year.
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