Copy equipment was acquired at the beginning of the year at a cost of $50,320 that has an estimated residual value of $4,600 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,143,000 copies. This year, 288,000 copies were made. a. Determine the depreciable cost. $fill in the blank 1 b. Determine the depreciation rate. Round your answer to two decimal places. $fill in the blank 2 per copy c. Determine the units-of-output depreciation for the year

Annual depreciation= $11,520

Explanation:

Giving the following information:

Purchase price= $50,320

Salvage value= $4,600

Estimated copies= 1,143,000

First, we need to calculate the depreciable value:

Depreciable value= purchase price - salvage value

Depreciable value=  50,320 - 4,600

Depreciable value= $45,720

Now, the depreciable rate:

Depreciable rate= depreciable value / /useful life of production in copies

Depreciable rate= 45,720/1,143,000

Depreciable rate= $0.04 per copie

Finally, the annual depreciation:

Number of copies= 288,000

Annual depreciation= 0.04*288,000

Annual depreciation= $11,520

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