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What the annual depreciation rate is

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Problem 1: 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 $ 3.000was recorded using the straight-line method. The annual depreciation rate is

A) 20%
B) 8%
C) 2%
D) 25%

Reference no: EM132780880

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