Given the Following Information,calculate the Straight-Line Depreciation Rate for the First

question 18

Multiple Choice

Given the following information,calculate the straight-line depreciation rate for the first year using the midmonth convention.Cost recovery period: 27 ½ years,Date of purchase: April 10^th.

• A)2.6%
• B)3.63%
• C)19.5%
• D)70.8%

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