Highsmith Rental Company purchased an apartment building early in 2013. There

Highsmith Rental Company purchased an apartment building early in 2013. There are 20 apartments in the building and each is furnished with
major kitchen appliances. The company has decided to use the group depreciation method for the appliances. The following data are available:

In 2016 four new refrigerators costing $3600 were purchased for cash. The old refrigerators which originally cost $3300 were sold for
$1100.

Calculate the group depreciation rate group life and depreciation for 2013. (Round the Group depreciation
rate to 1 decimal place and Group life to 2 decimal places.)