QUESTION 23 The calculation for annual depreciation using the straight-line depreciation method is a. Initial cost/Estimated useful life b. Initial cost * Estimated useful life c. Depreciable cost/Estimated useful life d. Depreciable cost * Estimated useful life QUESTION 24 On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method of depreciation, and the bulldozer is expected to yield 26,500 operating hours. What is the depreciation expense per hour of operation? a. 59.21 b.S1.56 c. 58.60 d. 58.00 QUESTION 25 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 8 years. What is the annual straight-line depreciation for the equipment? a. 58,125 b. $12,250 c. $7,650 d. S13,000