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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

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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 $2600 was recorded using the straight-line method. The annual depreciation rate is O 16,60% 6.67% 20.00% O 1.67%

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