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A schedule of machinery owned by Waterway Industries is presented below: Estimated Estimated Salvage Value...

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A schedule of machinery owned by Waterway Industries is presented below: Estimated Estimated Salvage Value Total Cost Life in Years Machine X $593000 $40000 14 Machine Y 816000 82000 10 Machine Z 301000 61000 6 Waterway computes depreciation by the composite method. The composite rate of depreciation (in percent) for these assets is

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