Brief Exercise 11-6 Your answer is partially correct. Try again. Bramble Inc. owns the following…

Brief Exercise 11-6     Your answer is partially correct.  Try again.     Bramble Inc. owns the following assets. Asset   Cost   Salvage   Estimated Useful Life A   $70,700   $7,070     10 years   B   51,100   5,110     5 years   C   87,740   4,280     12 years   Compute the composite depreciation rate and the composite life of Bramble’s 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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