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Equipment acquired at the beginning of the year at a cost of $77,000 has an...

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Accounting

Equipment acquired at the beginning of the year at a cost of $77,000 has an estimated residual value of $3,000 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

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