Your answer is incorrect. Concord Inc. owns the following assets, Asset Cost A Salvage $7,050 5.080 4,200 $70,500 50,800 86,100 Estimated Useful Life 10 years 5 years 12 years B Compute the composite depreciation rate and the composite life of Concord's assets. (Round answers to 1 decimal place, e8.4.8% or 4.8 years.) Composite depreciation rate 96 Composite life years