Presented below is information related to Bramble Manufacturing Corporation.
Asset
Cost
Estimated Salvage
Estimated Life (in years)
A
$47,900
$5,500
10
B
33,400
4,600
9
C
36,300
3,900
9
D
18,400
2,300
7
E
24,600
2,400
6
(a)
Compute the rate of depreciation per year to be applied to the plant assets
under the composite method. (Round answer to 2 decimal place, e.g. 4.83%).
Composite rate
%