Dickinson Inc. owns the following assets.
|
Asset |
Cost |
Salvage |
Estimated Useful Life |
|
A |
$70,000 |
$7,000 |
10 years |
|
B |
50,000 |
5,000 |
5 years |
|
C |
82,000 |
4,000 |
12 years |
Compute the composite depreciation rate and the composite life of Dickinson’s assets.