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Copy equipment was acquired at the beginning of the year at a cost of $71,360 that has an estimated residual value of $6,500 and an
Copy equipment was acquired at the beginning of the year at a cost of $71,360 that has an estimated residual value of $6,500 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,081,000 copies. This year, 248,000 copies were made. a. Determine the depreciable cost. $ b. Determine the depreciation rate. Round your answer to two decimal places. $ per copy c. Determine the units-of-activity depreciation for the year.
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