A schedule of machinery owned by Micco Co. is presented below:

Micco computes depreciation by the composite method.
1. The composite rate of depreciation (in percent) for these assets is
a. 8.94.
b. 10.59.
c. 8.57.
d. 15.56.
2. The composite life (in years) for these assets is
a. 15.6.
b. 8.6.
c. 8.9.
d. 10.0.

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Estimated Salvage Value Estimated Life in Years Total Cost Machine X Machine Y Machine Z $300,000 $20,000 14 400,000 40,000 10 150,000 30,000