A schedule of machinery owned by Maka Co. is presented below. Machine 1 Machine 2 Machine 3 Total Cost $300,000 400,000 100,000 Estimated Salvage Value Estimated Life in Years $20,000 14 40,000 10 20,000 08 Maka computes depreciation by the composite method. 19. What is the composite rate of depreciation (in percent) for these assets? 20 20 What is the composite life (in years) for these assets