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Presented below is information related to LeBron James Manufacturing Corporation. Compute the rate of depreciation per year to be applied to the plant assets under
Presented below is information related to LeBron James 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, e.g. 4.83%.)
| Composite rate | % |
| Asset | Cost | Estimated Salvage | Estimated Life (in years) |
| A | $ 45,765 | $ 6,215 | 10 |
| B | 37,968 | 5,424 | 9 |
| C | 40,680 | 4,068 | 9 |
| D | 21,470 | 1,695 | 7 |
| E | 26,555 | 2,825 | 6
|
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Canadian edition
77429494, 1259105709, 1260480798, 978-1259105708
