Question
Marigold Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $418000 $41000 10 years B 222000 25000 5 years C 488000 20000
Marigold Corp. owns the following assets:
| Asset |
| Cost |
| Salvage |
| Estimated Useful Life |
| A |
| $418000 |
| $41000 |
| 10 years |
| B |
| 222000 |
| 25000 |
| 5 years |
| C |
| 488000 |
| 20000 |
| 12 years |
What is the composite depreciation rate of Marigold's assets?
|
| 14.0% |
|
| 10.3% |
|
| 12.9% |
|
| 11.2% |
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Accounting Advanced
Authors: Claudia Bienias Gilbertson
9th Edition
0538447559, 9780538447553
