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Current Attempt in Progress A truck was purchased for $ 1 6 0 0 0 0 and it was estimated to have a $ 3

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A truck was purchased for $160000 and it was estimated to have a $34000 salvage value at the end of its useful life. Monthly depreciation expense of $2100 was recorded using the straight-line method. The annual depreciation rate is
1.67%.
20.00%.
6.67%.
15.75%.
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