The following information is to be used for Questions 7 through 9. Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,800, and an estimated useful life of eight years. 7) Determine the depreciable cost Question 8 1 pts 8) The straight-line rate is: A) 10% B) 20% 12.5% D) 17.5% E) 14.5% 9) Determine the annual straight-line depreciation