Multiple Choice
A machine was purchased for $180,000 and it was estimated to have a $12,000 salvage value at the end of its useful life.Monthly depreciation expense of $1,750 was recorded using the straight-line method.The annual depreciation rate is
A) 15.0%.
B) 2.5%.
C) 10.0%.
D) 12.5%.
Correct Answer:
Verified
Correct Answer:
Verified
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