Highsmith Rental Company purchased an apartment building early in 2024. There are 20 apartments in the building and each

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answerhappygod
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Highsmith Rental Company purchased an apartment building early in 2024. There are 20 apartments in the building and each

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Highsmith Rental Company purchased an apartment building earlyin 2024. There are 20 apartments in the building and each isfurnished with major kitchen appliances. The company has decided touse the group depreciation method for the appliances. The followingdata are available:
In 2027, three new refrigerators costing $3,800 were purchasedfor cash. In that same year, the old refrigerators, whichoriginally cost $3,700, were sold for $1,300.
Required:
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