Rae paid $40 000 for new office equipment at the start of the 2007 financial year.
At the start of each following financial year, she used flat rate depreciation to revalue her equipment.
At the start of the 2010 financial year she revalued her equipment at $22 000.
The annual flat rate of depreciation she used, as a percentage of the purchase price, was
A. 11.25%
B. 15%
C. 17.5%
D. 35%
E. 45%














































