Use the Following Information for Questions
a Schedule of Machinery

question 63

Multiple Choice

Use the following information for questions
A schedule of machinery owned by Dougan Co.is presented below: $$\begin{array} { l c c c } & \text { Total Cost } & \begin{array} { c } \text { Estimated } \\\text { Salvage Value }\end{array} & \begin{array} { c } \text { Estimated } \\\text { Life in Years }\end{array} \\\hline \text { Machine A } & \$ 320,000 & \$ 20,000 & 12 \\\text { Machine C } & 390,000 & 30,000 & 10 \\\text { Machine M } & 225,000 & 15,000 & 6\end{array}$$ Dougan computes depreciation by the composite method.
-The composite life (in years) for these assets is

• A)9.1.
• B)9.3.
• C)9.7.
• D)10.0.

---

Definitions:

In College

The state of being enrolled and attending an educational institution at the post-secondary level.

Advantages

Positive aspects or benefits associated with a specific action, decision, or situation that can lead to success or improved outcomes.

Single

The status of an individual who is not married or in a romantic relationship.

Later Life

A period of life typically associated with old age, focusing on retirement, health issues, and life after career.