Equipment acquired at a cost of $95,000 has an estimated residual value of $6,000 and an estimated useful life of 10 ye October 1 of the current fiscal year, which ends on December 31 If necessary, round your answers to the nearest cent. ars. It was placed into service or 14,250X 16,150 X d depreciation. If an asset is used for only part of a year is prorated based on the number of months the asset is in service