Sheffield Inc. owns the following assets. Asset A B C Cost $71,700 52,600 95,940 Salvage $7,170 5,260 Composite life 4,680 Composite depreciation rate Estimated Useful Life Compute the composite depreciation rate and the composite life of Sheffield's assets. (Round answers to 1 decimal place, e.g. 4.8% or 4.8 years.) 10 years 5 years 12 years % years

Sheffield Inc. owns the following assets. Compute the composite depreciation rate and the composite life of Sheffreld's assets. (Round answers to 1 decimal place, e.s. 4.8\% or 4.8 years.) Composite depreciation rate % Composite life years