Question Content Area Computer equipment was acquired at the beginning of the year at a cost of $78,900 that has an estimated residual value of $3,000 and an estimated useful life of 5 years.

Computer equipment was acquired at the beginning of the year at a cost of $78,900 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. a. Determine the depreciable cost. $ b. Determine the straight-line rate. % c. Determine the annual straight-line depreciation