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Compute the annual depreciation rate

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Question - Ellen purchased a truck by paying $ 180.000 that was estimated to have a $ 36.000 salvage value at the end of its useful life. The monthly depreciation expense of $ 3.000 was recorded using the straight-line method. Compute the annual depreciation rate?

A) 20%

B) 8%

C) 2%

D) 25%

Reference no: EM132773623

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