(Answered) Question - the following is a schedule of machinery owned

Accounting

Question - The following is a schedule of machinery owned by Martin Manufacturing Company.

	Total Cost	Estimated Salvage Value	Estimated Life in Years
Machine A	$600,000	$110,000	20
Machine B	315,000	30,000	10
Machine C	84,000	0	15
Machine D	107,000	7,000	5
	$1,106,000

Martin computes depreciation on the straight-line basis. Based on the information presented, compute the:

(i) Composite life of these assets (in years).

(ii) Composite depreciation rate.

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