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solve part C please Exercise 11-09 (Part Level Submission) Presented below is information related to Coronado Manufacturing Corporation. Estimated Estimated Life (in years) Asset Cost

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Exercise 11-09 (Part Level Submission) Presented below is information related to Coronado Manufacturing Corporation. Estimated Estimated Life (in years) Asset Cost Salvage A. $50,000 $5,000 10 32,400 4,500 36,200 3,800 Study 20,000 1,800 23,100 3,300 v (a) Your answer is correct. 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 10.58 % Click if you would like to Show Work for this question: Open Show Work SHOW LISTY OF ACCOUNTS LINK TO TEXT LINK TO TEXT (b) Your answer is correct. Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. (If no entry is required, select "No entry" for the account titles and e amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Use Plant Assets related account.) dy Account Titles and Explanation Credit Debit Depreciation Expense 17100 Accumulated Depreciat 17100 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attempts: 4 of 10 used (c) Prepare the entry to record the sale of asset D for cash of $5.400, It was used for 6 years, and depreciation was entered under the composite method. (If no entry is reguired, select "No for the account titles and enter O for the amournts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Use Plant Assets relat account.) Credit Account Titles and Explanation Debit Open Show Work Click if you would like to Show Work for this question: OF ACCOUNTS SHOW LEST

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