Equipment acquired at a cost of $180,000 has an estimated residual value of $9,900, has an estimated useful life of 42,000 hours, and was operated 2,900 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 $______