A machine was purchased for $162000 and it was estimated to have an $12000 salvage value at the end of its useful life Monthly depreciation expense of $2000 was recorded using the straight line method The annual depreciation rate is O 16 O 19 O 2 O 14 00 A machine was purchased for $162000 and it was estimated to have an $12000 salvage value at the end of its useful life Monthly depreciation expense of $2000 was recorded using the straight line method The annual depreciation rate is 16 19 2 14 00

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Question: A machine was purchased for $162000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation

A machine was purchased for $162000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation expense of $2000 was recorded using the straight-line method. The annual depreciation rate is O 16%. O 19%. O 2%. O 14.00%.

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