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Copy equipment was acquired at the beginning of the year at a cost of $66,820 that has an estimated residual value of $6,100 and an
Copy equipment was acquired at the beginning of the year at a cost of $66,820 that has an estimated residual value of $6,100 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,012,000 copies. This year, 284,000 copies were made. Determine the (a) depreciable cost, (b) depreciation rate, and (c) units-of-activity depreciation for the year. Round "depreciation rate" to two decimal places. a. Depreciable cost $ b. Depreciation rate per copy c. The units-of-output depreciation for the year $
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