Question: please answer both questions in 10 min thanks Bramble Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $417000 $44000 10 years
please answer both questions in 10 min thanks

Bramble Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $417000 $44000 10 years B 228000 23000 5 years 491000 23000 12 years What is the composite depreciation rate of Bramble's assets? 14.0% 10.3% 12.9% 11.2% When an asset being depreciated under the group method is disposed of, any resulting gain or loss is: recorded in the Accumulated Depreciation account. recorded in the Depreciation Expense account. recorded as an ordinary gain. recorded as an extraordinary gain
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