A machine was purchased for $162000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation expense of $2000 was recorded using the straight-line method. The annual depreciation rate is O 16%. O 19%. O 2%. O 14.00%.

A machine was purchased for $162000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation expense of $2000 was recorded using the straight-line method. The annual depreciation rate is 16% 19% 2% 14.00%