A company uses group depreciation for the following vehicles.
Item Cost Residual Value Service Life (in years) Trucks $ 135,000 $3,000 6 Vans 47,000 2,000 5 Cars 29,000 1,000 4
What is the group depreciation rate as a percentage shown to one decimal place (such as 11.1).
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
