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Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $119,600 has an estimatedresidual value of $4,600 and an estimated

Straight-Line Depreciation

A building acquired at the beginning of the year at a cost of $119,600 has an estimatedresidual value of $4,600 and an estimated useful life of 10 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

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