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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

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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 $1100 was recorded using the straight-line method. The annual depreciation rate is 13%. 2%. 10%. 8.00%

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