Rae paid $40 000 for new office equipment at the start of the 2019 financial year.
At the start of each following financial year, she used straight-line (flat rate) depreciation to revalue her equipment.
At the start of the 2022 financial year she revalued her equipment at $22 000.
Calculate the annual straight-line rate of depreciation she used, as a percentage of the purchase price. (2 marks)
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