Question 21 of 22 < View Policies 18 Current Attempt in Progress The December 31, 2020 balance sheet of Cheyenne Company showed Equipment of $73,000 and Accumulated Depreciation of $16,500. On January 1, 2021, the company decided that the equipment has a remaining useful life of 5 years with a $4,200 salvage value (a) Compute the depreciable cost of the equipment. Depreciable cost $ Save for Later (b) Compute the revised annual depreciation. Revised annual depreciation $ Save for Later Attempts: 0 of 1 used Submit Answer Attempts: 0 of 1 used Submit Answer