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Larkspur Inc. owns the following assets. Asset Cost Salvage Estimated Useful Life A $71,800 $7,180 10 years B 52,700 5,270 5 years C 96,760 4,720

Larkspur Inc. owns the following assets.

Asset Cost Salvage

Estimated Useful Life

A $71,800 $7,180 10 years

B 52,700 5,270 5 years

C 96,760 4,720 12 years

Compute the composite depreciation rate and the composite life of Larkspurs assets. (Round answers to 1 decimal place, e.g. 4.8% or 4.8 years.)

Composite depreciation rate %

Composite life years

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