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Equipment acquired at the beginning of the year at a cost of $160,000 has an estimated residual value of $8,000, has an estimated useful life

Equipment acquired at the beginning of the year at a cost of $160,000 has an estimated residual value of $8,000, has an estimated useful life of 35,000 hours, and was operated 4,200 hours during the year. Determine (a) the depreciable cost, (b) the depreciation rate, and (c) the unit-of-output depreciation for the year

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