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Straight-Line Depreciation Equipment acquired at the beginning of the year at a cost of $61,200 has an estimated residual value of $5,600 and an estimated

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Straight-Line Depreciation Equipment acquired at the beginning of the year at a cost of $61,200 has an estimated residual value of $5,600 and an estimated useful life of four years. Determine the following: (a) The depreciable cost X (b) The straight-line rate (c) The annual straight-line depreciation

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