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2. Straight-Line Depreciation

   Equipment acquired at the beginning of the year at a cost of $470,000 has an estimated residual value of $62,000 and an estimated useful life of five years. Determine the following.

   a.	The depreciable cost	$fill in the blank 1
   b.	The straight-line rate	fill in the blank 2	%
   c.	The annual straight-line depreciation	$fill in the blank 3

Straight-Line Depreciation Equipment acquired at the beginning of the year at a cost of $470,000 has an estimated residual value of $62,000 and an estimated useful life of five years. Determine the following a. The depreciable cost b. The straight-line rate c. The annual straight-line depreciation %