Straight-Line Depreciation Rates Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places.   Years Percentage a. 4 years fill in the blank 1% b. 8 years fill in the blank 2% c. 10 years fill in the blank 3% d. 16 years fill in the blank 4% e. 25 years fill in the blank 5% f. 40 years fill in the blank 6% g. 50 years fill in the blank 7%

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