Print Item On January 1, 2020, the Wintergreen Co. acquired three assets that it intends to combine into a single account and depreciate using the composite depreciation (straight-line) method. The assets have the following characteristics: Asset Residual Value $19,500 Cost Life $150,000 5 years 2 190,000 14,000 3 52,500 2,700 7 years 4 years Required: Determine the composite rate for depreciation of these assets. Round intermediate calculations to the nearest dollar and round your answer to two decimal places. 17 X %