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Tamarisk Inc. owns the following assets. Asset Cost Salvage Estimated Useful Life A $ 7 1 , 6 0 0 $ 7 , 1 6

Tamarisk Inc. owns the following assets.
Asset
Cost
Salvage
Estimated Useful Life
A
$71,600 $7,16010 years
B
52,4005,2405 years
C
95,1204,64012 years
Compute the composite depreciation rate and the composite life of Tamarisks assets. (Round answers to 1 decimal place, e.g.4.8% or 4.8 years.)
Composite depreciation rate
enter percentages rounded to 1 decimal place
%
Composite life
enter a number of years rounded to 1 decimal place
years
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