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Sheridan Company owns the following assets: Asset Cost Salvage Estimated Useful Life $480000 $44000 10 years 20000 5 years 240000 497000 20000 12 years What

Sheridan Company owns the following assets: Asset Cost Salvage Estimated Useful Life $480000 $44000 10 years 20000 5 years 240000 497000 20000 12 years What is the composite life of Sheridan's assets? O 10.1 years O 9.7 years 14.0 years 8.9 years

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