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    Snell Corp. - Composite Life of Assets

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    45. At the start of its business, Snell Corp. decided to use the composite method of depreciation and prepared the following schedule of machinery owned.

    Total Estimated Estimated Life
    Cost Salvage Value in Years
    Machine A $275,000 $25,000 20
    Machine B 100,000 10,000 15
    Machine C 20,000 -- 5

    Snell computes depreciation on the straight-line method. Based on the information presented, the composite life of these assets (in years) should be?

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    Solution Summary

    The solution computes Snell Corp's composite life of assets based on given information.