Question: A machine was purchased for $192000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation

A machine was purchased for $192000 and it was estimated to have an $12000 salvage value at the end of its useful life. Monthly depreciation expense of $1950 was recorded using the straight-line method. The annual depreciation rate is

a 16%.

b 11.00%.

c 13%.

d 2%.

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