Mondale Winery depreciates its equipment using the group method- The c.docx
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Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2013 totaled $465,000. The estimated residual value of the equipment was $44,000 and the group depreciation rate was determined to be 12%. Solution The depreciation rate is equal to annual depreciation / initial value Cost .
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