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A schedule of machinery owned by Swifty Co. is presented below: Estimated Total Estimated Life in Cost Salvage Value Years Machine X $620000 $60000
A schedule of machinery owned by Swifty Co. is presented below: Estimated Total Estimated Life in Cost Salvage Value Years Machine X $620000 $60000 14 Machine Y 810000 98000 10 Machine Z 300000 42000 Swifty computes depreciation by the composite method. The composite life (in years) for these assets is 15.5. 9.9. 8.8 8.5.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
17th edition
1119503663, 1119571480, 1-119-50368-2, 111950368X, 978-1119503668
