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Please show work Given the following information, calculate the straight-line depreciation rate for the first year using the midmonth convention. Cost recovery period: 27 years,

Please show work

Given the following information, calculate the straight-line depreciation rate for the first year using the midmonth convention. Cost recovery period: 27 years, Date of purchase: April 10^th.

A. 2.6%

B. 3.63%

C. 19.5%

D. 70.8%

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