Units-of-Output Depreciation Equipment acquired at a cost of $160,000 has an estimated residual value of $10,600, has an estimated useful life of 36,000 hours, and was operated 2,500 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 (c) The Units-of-Production Depreciation for the Year per hour Effect of Stock Split Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 39,000 shares of common stock outstanding, declared a 3-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $204 per share before the stock split, what would be an approximate market price per share after the split? per share