Equipment acquired at a cost of $170,000 has an estimated residual value of $7,500, has an estimated useful life of 65,000 hours, and was operated 5,900 hours during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

(a) The Depreciable Cost $

(b) The Depreciation Rate $ per hour

(c) The Units-of-Production Depreciation for the Year $

Equipment acquired at the beginning of the year at a cost of $58,900 has an estimated residual value of $4,400 and an estimated useful life of five years. Determine the following:

(a) The depreciable cost $

(b) The straight-line rate %

(c) The annual straight-line depreciation $

Question

Equipment acquired at a cost of $170,000 has an estimated residual value of $7,500, has an estimated useful life of 65,000 hours, and was operated 5,900 hours during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

(a)	The Depreciable Cost	$
(b)	The Depreciation Rate	$	per hour
(c)	The Units-of-Production Depreciation for the Year	$

Equipment acquired at the beginning of the year at a cost of $58,900 has an estimated residual value of $4,400 and an estimated useful life of five years. Determine the following:

(a)	The depreciable cost	$
(b)	The straight-line rate		%
(c)	The annual straight-line depreciation	$

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Equipment acquired at a cost of $170,000 has an estimated residual value of $7,500, has an estimated useful life of 65,000 hours, and was operated

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