A truck was purchased for $188000 and it was estimated to have a $32000 salvage value at the end of its useful life. Monthly depreciation expense of $3900 was recorded using the straight-line method. Tbe annual depreciation rate is 3% 10% 30% 25% A company purchased factory equipment on April 1,2021 for $156000. It is estimated that the equipment will have a $20000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31,2021 is $11700 $13600 $10200. $15600 A company purchased office equipment for $36000 and estimated a salvage value of $8000 at the end of its 20 -year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is 22% 90% 68%. 10%. A company purchased factory equipment for $690000. It is estimated that the equipment will have a $79000 salvage value at the end of its estimated 5 -year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be $118560 $244400. $165600. $276000