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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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