equipment with a 5 year life was purchased on january 1st this year at a cost of 24,000 and it had an estimated residual value of 1,800

QUESTION 25 Equipment with a 5 year life was purchased on January 1st this year at a cost of $24,000 and it had an estimated residual value of $1,800 Required: Determine the (a) depreciable cost, (b) straight line rate, and (c) annual straight-line depreciation Label your answers and show your work T T T Arial 3 (12 T