Current Attempt in Progress Presented below is information related to Sheridan Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $44,700 $5,500 10 B 33,700 4,900 9 C 36,300 3,000 9 D 18,400 1,600 7 E 23,400 2,700 6 (a) Your answer is correct. Compute the rate of depreciation per year to be applied to the plant assets under the composite method. (Round answer to 2 decimal place, e.g. 4.83 %.) Composite rate 10.65 %