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Compute the composite depreciation rate
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Sport Inc. owns the following assets:
Asset Cost Salvage Est useful life
A $70,000 $7,000 10 yrs
B 50,000 10,000 5 yrs
C 82,000 4,000 12 yrs
Compute the composite depreciation rate and the composite life of Sport Inc.'s asset.
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Solution Summary
This solution helps compute the composite depreciation rate.
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