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A machine was bought for $100,000. Its estimated useful life is four years with a residual value of $10,000. Depreciation is charged on the straight-line

A machine was bought for $100,000. Its estimated useful life is four years with a residual value of $10,000. Depreciation is charged on the straight-line method. What is the percentage of depreciation rate on an annual basis?

a. 15%

b. 22.50%

c. 35%

d. 25%

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