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Brief Exercise 11-6 Blue Inc. owns the following assets Estimated Useful Life Cost Salvage A $71,800 $7,180 52,700 5,270 4,720 Asset 10 years 5 years

Brief Exercise 11-6 Blue Inc. owns the following assets Estimated Useful Life Cost Salvage A $71,800 $7,180 52,700 5,270 4,720 Asset 10 years 5 years 12 years 96,760 Compute the composite depreciation rate and the composite life of Blue's assets. (Round answers to 1 decimal place, eg. 4.8% or 4.8 years.) Composite depreciation rate Composite life years

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