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A summary of the fixed assets owned by Sy Manufacturing Company is presented below: Factory Machinery & Small Patter Building Equipment Tools ns P1,400,000
A summary of the fixed assets owned by Sy Manufacturing Company is presented below: Factory Machinery & Small Patter Building Equipment Tools ns P1,400,000 P82,0P53,0 00 80,000 5,000 Total Cost P4,800,0 00 300,000 Est. residual value Est. useful 40 years life 20 years 00 84 years years What is the composite life of the assets listed above? (round off to nearest whole number)
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
