In 1996, the truck was driven 27,000 miles. This problem consists of three unrelated parts. The final deposit was made today. Revenue recognized in . . . . . Gross profit recognized in. . .
Interest is payable annually at year-end.
The gain from the sale of land to be recognized by Deal. Interest income to be recognized by Deal in 1996. Interest income to be recognized by Deal in 1997. Chanal decided to use the group depreciation method on a straight- line basis. Calculate the group depreciation rate.