Presented below is information related to Windsor Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $46,200 $5,300 10 B 32,000 4,100 9 C 35,400 3,900 9 D 19,700 1,500 7 E 23,100 3,300 6 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 eTextbook and Media List of Accounts % Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Use Plant Assets related account.) Account Titles and Explanation Debit Credit