Solve each of the following for the rate. Round amounts to the nearest two decimal places.
a. ______ of 12.50 = 4.50
b. ______ of 0.35 = 0.7
c. ______ of 750 = 15
Question 2
A dental office using the straight-line method of depreciation purchased equipment costing 72,00 . and put it into use on June 1 . The equipment is expected to have a useful life of ten years and an estimated resale value of 4,800 . Compute the depreciation expense for June 1 through December 31 of the first tax year and all 12 months of the second and third years.
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