purchased a vehicle for $26000 with an estimated residual value of $3000 at the end...
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Accounting
purchased a vehicle for $26000 with an estimated residual value of $3000 at the end of its useful life. Depreciation expense is for july and august totalled $500, calculated using the straight line method. The annual depreciation rate is:
a. 13%
b. 27%
c. 23%
d. 2%
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