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Windsor Inc. owns the following assets. Asset Cost Salvage Estimated Useful Life A $70,800 $7,080 10 years B 51,200 5,120 5 years C 88,560 4,320
Windsor Inc. owns the following assets.
| Asset | Cost | Salvage | Estimated Useful Life | |||||
| A | $70,800 | $7,080 | 10 years | |||||
| B | 51,200 | 5,120 | 5 years | |||||
| C | 88,560 | 4,320 | 12 years | |||||
Compute the composite depreciation rate and the composite life of Windsors assets. (Round answers to 1 decimal place, e.g. 4.8% or 4.8 years.)
| Composite depreciation rate | % | ||
| Composite life | years |
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