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Compute the composite annual depreciation rate

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Reference no: EM133176218

Question - Computing Composite Depreciation - Taser Company owns the following assets acquired on January 1, 2020.

Asset

Cost

Residual
Value

Estimated
Useful Life

A

$108,000

$1,800

10 years

B

27,000

-

5 years

C

105,000

3,600

8 years

Required -

a. Compute the composite annual depreciation rate.

b. Compute the composite group useful life.

c. Compute composite depreciation expense for 2020.

Reference no: EM133176218

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