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A schedule of machinery owned by Vaughn Manufacturing is presented below: Estimated Estimated Total Cost Salvage Value Life in Years Machine X $586000 $40000 14

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A schedule of machinery owned by Vaughn Manufacturing is presented below: Estimated Estimated Total Cost Salvage Value Life in Years Machine X $586000 $40000 14 Machine Y 781000 79000 10 Machine Z 290000 62000 6 Vaughn computes depreciation by the composite method. The composite rate of depreciation (in percent) for these assets is 8.88. 9.91. 8.35 O 13.65

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