Copy equipment was acquired at the beginning of the year at a cost of $73,900 that has an estimated residual value of $6,700 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,120,000 copies. This year, 229,000 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. 3. EX.10.212.ALGO (Algorithmic) A machine costing $45,000 with a five-year life and $2,700 residual value was purchased on January 2 . Compute depreciation for each of the five years, using the double-declining-balance method. 1. Year 1 2. Year 2 3. Year 3 4. Year 4 5. Year 5