The composite life (in years) for these assets is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A schedule of machinery owned by Colsen Co.
is presented below:
Estimated Estimated
Total Cost
Salvage
life in
Value
years
Machine A
260,000.00
20,000.00
12
Machine C 390,000.00
30,000.00
10
Machine
195,000.00 15,000.00
6
M
Colsen computes depreciation
composite method.
by the
The composite life (in years) for these assets
is
O
9.1
10
9.3
9.8
O
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