Question 6 of 20 View Policies Current Attempt in Progress ~ -/5 E 1 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 20.00%. 6.67%. O 1.67%. O 15.75%. Save for Later Attempts: 0 of 1 used Submit Answer