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Dickinson Inc. owns the following assets. Asset Cost Salvage Estimated Useful Life A $71,600 $7,160 10 years B 55,600 5,560 5 years C 139,400 6,800

Dickinson Inc. owns the following assets.

Asset

Cost

Salvage

Estimated Useful Life
A $71,600 $7,160 10 years
B 55,600 5,560 5 years
C 139,400 6,800 12 years

Compute the composite depreciation rate and the composite life of Dickinson

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