B. On January 1, 2018, the Winter Co. acquired three assets that it intends to combine into a single account and depreciate using the composite depreciation (straight-line) method. The assets have the following characteristics: Asset Cost Residual Value $16,000 4,000 3,700 6 years 8 years 4 years $100,000 90,000 62,500 Required 1. Determine the composite rate for depreciation of these assets. 2. Why did Winter Co. use a composite rate than a group depreciation rate? (Deduct 5 points for each incorrect answe