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Equipment acquired at a cost of $435,000 has an estimated residual value of $25,500, has an estimated useful life of 63,000 hours, and was operated
Equipment acquired at a cost of $435,000 has an estimated residual value of $25,500, has an estimated useful life of 63,000 hours, and was operated 6,300 hours during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.
(a) | The Depreciable Cost | $fill in the blank 1 | |
(b) | The Depreciation Rate | $fill in the blank 2 | per hour |
(c) | The Units-of-Production Depreciation for the Year | $fill in the blank 3 |
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