Information for heterogeneous assets A, B, and C of America Health and Fitness Club is provided below. The company uses composite depreciation for these assets.

Asset	Cost	Estimated Residual Value	Estimated Life
A	$100,000	$10,000	9 years
B	60,000	4,000	8 years
C	40,000	8,000	4 years

Required:

a. Calculate the composite depreciation rate.

Enter response in the box below.

b. Journalize the sale of Asset C for $28,000 after two full years of use.

b.