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A schedule of machinery owned by Bonita Industries is presented below: Estimated Estimated Total Cost Salvage Value Life in Years Machine X $610000 $50000 14

A schedule of machinery owned by Bonita Industries is presented below: Estimated Estimated Total Cost Salvage Value Life in Years Machine X $610000 $50000 14 Machine Y 30000 38000 Machine Z 380000 104000 6 6 Bonita computes depreciation by the composite method. The composite life (in years) for these assets is assec 8.7. 9.8. 15.4. 8.4

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