Question: A machine was purchased for $ 5 4 9 0 0 and it was estimated to have a $ 9 1 5 0 salvage value

A machine was purchased for $54900 and it was estimated to have a $9150 salvage value at the end of its useful life. Monthly
depreciation expense of $610 was recorded using the straight-line method. The annual depreciation rate is
13.3%.
2%.
16.0%.
6.7%
A machine was purchased for $54900 and it was estimated to

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