Dickinson Inc. owns the following assets.\nAsset Cost Salvage Estimated Useful Life\nA $70,000 $7,000 10 years\nB 50,000 5,000 5 years\nC 82,000 4,000 12
Dickinson Inc. owns the following assets.
\r\nAsset Cost Salvage Estimated Useful Life
\r\nA $70,000 $7,000 10 years
\r\nB 50,000 5,000 5 years
\r\nC 82,000 4,000 12 years
\r\nCompute the composite depreciation rate and the composite life of Dickinson’s assets.