Question
A schedule of machinery owned by Bramble Corp. is presented below: Estimated Estimated Total Cost Salvage Value Life in Years Machine X $580000 $41000 14
A schedule of machinery owned by Bramble Corp. is presented below:
|
|
| Estimated |
| Estimated | |
| Total Cost |
| Salvage Value |
| Life in Years | |
| Machine X | $580000 |
| $41000 |
| 14 |
| Machine Y | 792000 |
| 78000 |
| 10 |
| Machine Z | 283000 |
| 58000 |
| 6 |
Bramble computes depreciation by the composite method. The composite rate of depreciation (in percent) for these assets is
8.91.
13.62.
10.11.
8.51.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
