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A truck was purchased for $181900 and it was estimated to have a $30700 salvage value at the end of its useful life. Monthly depreciation

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A truck was purchased for $181900 and it was estimated to have a $30700 salvage value at the end of its useful life. Monthly depreciation expense of $2520 was recorded using the straight-line method. The annual depreciation rate is 6.67%1.67%16.62%20.00%

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