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A machine was purchased for $156000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation

A machine was purchased for $156000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation expense of $2160 was recorded using the straight-line method. The annual depreciation rate is 21%. 18%. 2%. 16.00%image text in transcribed

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