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can you please help with part C Presented below is information related to Tamarisk Manufacturing Corporation, Compute the rate of depreciation per year to be
can you please help with part C
Presented below is information related to Tamarisk Manufacturing Corporation, Compute the rate of depreciation per year to be applied to the plant assets under the composite method. (Round answer to 2 decimal place, es. 4.83\%.) Composite rate % Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Use Plant Assets related account. List debit entry before credit entry.) Prepare the entry to record the gle of asset D for cash of $5,200. It was used for 6 years, and depreciation was entered under the composite method. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Use Plant Assets related account. List all debit entries before credit entries.) Step by Step Solution
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