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Equipment acquired at the beginning of the year

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Reference no: EM131128144

Equipment acquired at the beginning of the year at a cost of $125,000 has an estimated residual value of $5,000 and an estimated useful life of eight years. Determine 

(a) The depreciable cost, 

(b) The straight-line rate, and 

(c) The annual straight-line depreciation.

Reference no: EM131128144

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