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Monthly depreciation expense of 1210 was recorded using the

Question - A machine was purchased for $144000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation expense of $1210 was recorded using the straight-line method. The annual depreciation rate is

1.0%.

10.0%.

11.0%.

13.5%.

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Accounting Basics: Monthly depreciation expense of 1210 was recorded using the

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Accounting Basics: Monthly depreciation expense of 1210 was recorded using the

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