Presented below is information related to Windsor Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) $46,200 $5,300 10 32,000 4,100 9. 35,400 3,900 9 D 19,700 1,500...

Extracted text: Presented below is information related to Windsor Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) $46,200 $5,300 10 32,000 4,100 9. 35,400 3,900 9 D 19,700 1,500 23,100 3,300 6. (a) Your answer is correct. Compute the rate of depreciation per year to be applied to the plant assets under the composite method. (Round answer to 2 decimal place, eg. 4.83%.) Composite rate 10.61 e Textbook and Media


Extracted text: (c) Prepare the entry to record the sale of asset D for cash of $4,800. It was used for 6 years, and depreciation was entered under the composite method. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Use Plant Assets related account.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts