Multiple Choice
Given the following information, calculate the straight-line depreciation rate for the first year using the midmonth convention. Cost recovery period: 27 ½ years, Date of purchase: April 10ᵗʰ.
A) 2.6%
B) 3.63%
C) 19.5%
D) 70.8%
Correct Answer:
Verified
Correct Answer:
Verified
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