ANSWERS TO QUESTIONS

Composite life = $134,700 ÷ $16,300, or 8.26 years. Composite rate = $16,300 ÷ $152,600, or approximately 10.7% (b) Depreciation Expense—Plant Assets 16,300 Accumulated Depreciation—Plant Assets 16,300 (c) Cash 4,800 Accumulated Depreciation—Plant Assets 14,200 Plant Assets 19,000 ................
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