A machine was purchased for $180,000 and it was estimated to have an $12,000 salvage value at the end of its useful life. Monthly depreciation expense of $1,750 was recorded using the straight-line method. The annual depreciation rate is
A)15.0%.
B)2.5%.
C)10.0%.
D)12.5%.

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The Answer of A machine was purchased for $180,000 and it was estimated to have an $12,000 salvage value at the end of its useful life. Monthly depreciation expense of $1,750 was recorded using the straight-line method. The annual depreciation rate is
A)15.0%.
B)2.5%.
C)10.0%.
D)12.5%.

A Machine Was Purchased for $180,000 and It Was Estimated