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Novak Inc. owns the following assets. Asset A Cost $72,500 53,800 102,500 Salvage $7.250 5,380 5,000 Estimated Useful Life 10 years 5 years 12 years C Compute the composite depreciation rate and the composite life of Novak's assets. (Round an 4.8 years.) Composite depreciation rate Composite life years Save for Later