Question
Skysong Inc. owns the following assets. Asset Cost Salvage Estimated Useful Life A $70,600 $7,060 10 years B 50,900 5,090 5 years C 86,920 4,240
Skysong Inc. owns the following assets.
| Asset | Cost | Salvage | Estimated Useful Life | |||||
| A | $70,600 | $7,060 | 10 years | |||||
| B | 50,900 | 5,090 | 5 years | |||||
| C | 86,920 | 4,240 | 12 years | |||||
Compute the composite depreciation rate and the composite life of Skysongs assets. (Round answers to 1 decimal place, e.g. 4.8% or 4.8 years.)
| Composite depreciation rate | % | ||
| Composite life | years |
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Total Quality Auditing
Authors: Amanda Jo Erven
1st Edition
1733784306, 978-1733784306
