Willard Business Services Purchased Three Assets with the Following Characteristics

Multiple Choice

Willard Business Services purchased three assets with the following characteristics: $\begin{array}{lrrr}&&\text { Residual }\\\text { Asset } & \text { Cost } & \text { Value } & \text { Life }\\\text { Photocopier } & \$ 12,000 & \$ 2,000 & 10 \text { year } \\\text { Computer } & 6,800 & 1,200 & 4 \text { yerr } \\\text { Typewriter } & 1,500 & 250 & 5 \text { year }\end{array}$ Assuming Willard uses straight-line depreciation, the composite depreciation rate is

A) 10.1%
B) 13.1%
C) 15.7%
D) 18.2%