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E. Information for heterogeneous assets A, B, and C of Sunshine Health Clubs of Hawkins is provided below. The company uses composite depreciation. EstimatedResidual EstimatedAmount

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E. Information for heterogeneous assets A, B, and C of Sunshine Health Clubs of Hawkins is provided below. The company uses composite depreciation. EstimatedResidual EstimatedAmount AssetsCostValueLife Depreciable. Expense A $100,000 $10,000 10 years 4,000 8 years 40.0008,000 6 years 60,000 TotalS Required: 1. Calculate the composite depreciation rate. 2. Journalize the sale of Asset C for $27,000 after two full years of use. (Deduct 2 points for each incorrect

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