Register
Sheffield Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $540000 $42000 10 years B 201000 23500 5 years C 490000 22000 12 years What is the composite life of Sheffield's assets?
24.8k views
0 votes
Sheffield Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $540000 $42000 10 years B 201000 23500 5 years C 490000 22000 12 years What is the composite life of Sheffield's assets?

User Ramineni Ravi Teja
by
5.7k points

1 Answer

2 votes

Answer:

The composite life is 9.19.

Step-by-step explanation:

Below is the calculation for composite life of assets:

Composite life = Total Depreciable Cost ÷ Total Annual Depreciation

Composite life = 1143500 ÷ 124300

Composite life = 9.19

The composite life is 9.19.

Sheffield Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life-example-1
User Aviad Ben Dov
by
6.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers

Other Questions

Which of the following possesses the sole power to create revenue bills?
Which of the following is an example of a fixed expense? A.) Clothing B.) Rent C.) Food D.) Entertainment
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Individuals are free to produce and sell whatever products they wish
Link Copied!