Machines are acquired by Siegel Inc. on March 1, 2008, as follows: Instructions: 1. Calculate the group

Question:

Machines are acquired by Siegel Inc. on March 1, 2008, as follows:

Instructions:
1. Calculate the group depreciation rate for this group.
2. Calculate the average life in years for the group.
3. Give the entry to record the group depreciation for the year ended December31,2008.

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Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Apr 07, 2012 07:45 AM

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Machines are acquired by Siegel Inc. on March 1, 2008, as follows: Instructions: 1. Calculate the group

Question:

Estimated Residual Value Estimated Life in Years Machine Cost 511 512 513. 514 515 $49,000 24,000 22,000 19,000 29,000 $7,000 3,000 4,000 1,000 one

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