Presented below is information related to Swifty Manufacturing Corporation.

Asset		Cost		Estimated Salvage				Estimated Life (in years)
A		$52,200			$6,500				10
B		33,700			4,900				9
C		35,500			4,000				9
D		19,800			1,600				7
E		24,300			3,000				6

(a)

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

enter the composite rate in percentages rounded to 2 decimal places

%