QuestionIf a computer depreciates at a rate of $18 \%$ per year, what is the monthly Item 17 depreciation rate?

Studdy Solution
Convert the monthly rate back to a percentage.
The monthly depreciation rate as a percentage is:
$$r_m \times 100\% \approx 0.0153 \times 100\% \approx 1.53\%$$
The monthly depreciation rate is approximately:
$\boxed{1.53\%}$