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Taser Company owns the following assets acquired on January 1, 2020. ...

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Accounting

Taser Company owns the following assets acquired on January 1, 2020.

Asset Cost Residual Value Estimated Useful Life
A $48,000 $800 10 years
B 12,000 - 5 years
C 70,000 1,600 8 years

a. Compute the composite annual depreciation rate. Enter the answer rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.
b. Compute the composite group useful life. Enter the answer rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.
c. Compute composite depreciation expense for 2020.

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