Straight-Line Depreciation

Equipment acquired at the beginning of the year at a cost of $86,300 has an estimated residual value of $3,300 and an estimated useful life of 10 years. Determine the following:

(a)	The depreciable cost	$
(b)	The straight-line rate		%
(c)	The annual straight-line depreciation	$

Units-of-Output Depreciation

Equipment acquired at a cost of $140,000 has an estimated residual value of $9,500, has an estimated useful life of 45,000 hours, and was operated 3,600 hours during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

(a)	The Depreciable Cost	$
(b)	The Depreciation Rate	$	per hour
(c)	The Units-of-Production Depreciation for the Year	$