Exercise 11-09 (Part Level Submission) Presented below is information related to Coronado Manufacturing Corporation. Asset Estimated Life (in years) Cost $50,000 32,400 36,200 20,000 23,100 Estimated Salvage $5,000 4,500 3,800 1,800 3,300 Compute the rate of depreciation per year to be applied to the plant assets under the composite method. (Round answer to 2 deci Composite rate Click if you would like to Show Work for this question: Open Show Work