Question 12 of 12 View Policies Current Attempt in Progress /8 Monty Co. uses the composite method to depreciate its equipment. The following totals are for all of the equipment in the group Initial Cost Residual Value Depreciable Cost Depreciation Per Year $1.005,000 $121.000 $884,000 $90450 (a) Your answer has been saved. See score details after the due dates What is the composite rate of depreciation! (Round answer to a decimal place) Composite rate of depreciation Attempts: 1 of 1 used