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A schedule of machinery owned by Mallon Co. is presented below: Machine A Machine C Machine M O 10.18 O 10.77 O 11.03 Total Cost
A schedule of machinery owned by Mallon Co. is presented below: Machine A Machine C Machine M O 10.18 O 10.77 O 11.03 Total Cost O 11.67 $260,000 390,000 195,000 Estimated Salvage Value $20,000 30,000 15,000 Estimated Life in Years Mallon computes depreciation by the composite method. The composite rate of depreciation (in percent) for these assets is 12 10 6
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