What is the composite depreciation rate on cost, Cost Accounting

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What is the composite depreciation rate on cost

Response to the following problem:

Ready Hospital provides you with the following list of depreciable assets acquired at the beginning of the current year:

Asset	Cost	Estimated Salvage Value	Estimated Useful life (Years)
A	$4,000	^$400	3
B	1,500	³⁰⁰	4
C	7,000	750	5

Required: What is the composite depreciation rate on cost?

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Cost Accounting: What is the composite depreciation rate on cost

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Cost Accounting: What is the composite depreciation rate on cost

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