(2) - Question 1 Not yet answered A truck was purchased for $180,000 and it was estimated to have a $36,000 salvage value at the end of its useful life. Monthly depreciation expense of $3,000 was recorded using the straight-line method. The annual depreciation rate is Marked out of 1.00 Select one: P Flag question a. 25%. b. 20%. c. 2%. OO o d. 8%