Question
Marigold Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $ 410000 $ 43000 10 years B 250000 23500 5 years C
Marigold Corp. owns the following assets:
| Asset |
| Cost |
| Salvage |
| Estimated Useful Life |
| A |
| $ 410000 |
| $ 43000 |
| 10 years |
| B |
| 250000 |
| 23500 |
| 5 years |
| C |
| 497000 |
| 23000 |
| 12 years |
What is the composite life of Marigold's assets?
10.2 years
13.9 years
9.6 years
8.8 years
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
